Today’s Price Action: What’s Propelling BHP Billiton plc (ADR) to Increase So Much?

Today's Price Action: What's Propelling BHP Billiton plc (ADR) to Increase So Much?

The stock of BHP Billiton plc (ADR) (NYSE:BBL) is a huge mover today! About 1.96 million shares traded hands. BHP Billiton plc (ADR) (NYSE:BBL) has risen 39.18% since April 5, 2016 and is uptrending. It has outperformed by 37.22% the S&P500.
The move comes after 5 months positive chart setup for the $95.84B company. It was reported on Nov, 8 by Barchart.com. We have $45.37 PT which if reached, will make NYSE:BBL worth $41.21 billion more.

According to Zacks Investment Research, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria.”

More important recent BHP Billiton plc (ADR) (NYSE:BBL) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011, also Finance.Yahoo.com published article titled: “BHP Billiton Limited (BHP)”, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on May 12, 2009. More interesting news about BHP Billiton plc (ADR) (NYSE:BBL) was released by: Fool.com and their article: “Better Buy Now: Rio Tinto Vs. BHP Billiton” with publication date: March 23, 2016.

BBL Company Profile

BHP Billiton Plc, incorporated on May 9, 1996, is a global resources company. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of gas and oil. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. The Firm extracts and processes minerals, gas and oil from its production activities located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. The Firm sells its products through direct supply agreements with its clients and on global commodity exchanges. The Company’s businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. BHP Billiton Plc is a member of the BHP Billiton Group.

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