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Gerdau (GGB) in Focus: Stock Moves 10.6% Higher

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Gerdau S.A. (GGB - Free Report) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 47.6% in the past one-month time frame.

The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Tailored Brands. 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 has a Zacks Rank #3 (Hold) while its Earnings ESP is positive. 

Gerdau S.A. Price

Investors interested in the Steel Producers industry may consider National Steel Company (SID - Free Report) which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Gerdau S.A. (GGB) - free report >>