Price Action to Note: What Next for POSCO (ADR) Stock After Today’s Huge Increase?

Price Action to Note: What Next for POSCO (ADR) Stock After Today's Huge Increase?

The stock of POSCO (ADR) (NYSE:PKX) is a huge mover today! About 300,821 shares traded hands. POSCO (ADR) (NYSE:PKX) has risen 17.02% since March 15, 2016 and is uptrending. It has outperformed by 11.53% the S&P500.
The move comes after 6 months positive chart setup for the $18.42B company. It was reported on Oct, 18 by Barchart.com. We have $72.34 PT which if reached, will make NYSE:PKX worth $6.82B more.

POSCO (ADR) (NYSE:PKX) Ratings Coverage

Out of 4 analysts covering POSCO (NYSE:PKX), 2 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 50% are positive. POSCO has been the topic of 6 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, April 15 by HSBC. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, April 5. The firm has “Sell” rating by CLSA given on Monday, May 9. The company was upgraded on Thursday, July 21 by Macquarie Research. As per Thursday, September 3, the company rating was downgraded by Macquarie Research. As per Monday, August 31, the company rating was downgraded by Zacks.

According to Zacks Investment Research, “POSCO, formerly known as Pohang Iron & Steel Company Ltd., manufactures hot and cold rolled steel products, heavy plate and other steel products for the construction and shipbuilding industries.”

More recent POSCO (ADR) (NYSE:PKX) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009. Also Fool.com published the news titled: “Why the Market Is Dead Wrong About Posco” on February 04, 2016. Zacks.com‘s news article titled: “POSCO (PKX) Q2 Earnings, Revenues Up Y/Y; ’16 View Intact” with publication date: July 22, 2016 was also an interesting one.

PKX Company Profile

POSCO, incorporated on April 1, 1968, is an integrated steel producer. The Firm operates in four divisions: steel, trading, engineering and construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation (POSCO Daewoo), exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas. The construction segment includes planning, designing and construction of industrial plants, civil engineering projects, and commercial and residential buildings, both in Korea and overseas. The others segment includes power generation, liquefied natural gas (LNG) logistics, and network and system integration.

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