Gerdau S.A. (GGB - Free Report) was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.76 to $2.36 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision but the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Gerdau. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Gerdau currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked Steel Producer stock is ArcelorMittal (MT - Free Report) , which sports a Zacks Rank #1 (Strong Buy).
Is GGB going up? Or down? Predict to see what others think: Up or Down
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Gerdau S.A. (GGB - Free Report) was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.76 to $2.36 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision but the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Gerdau. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Gerdau currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked Steel Producer stock is ArcelorMittal (MT - Free Report) , which sports a Zacks Rank #1 (Strong Buy).
Is GGB going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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