The stock of POSCO (ADR) (NYSE:PKX) is a huge mover today! The stock increased 4.91% or $2.63 on November 22, hitting $56.15. About 359,899 shares traded hands or 32.03% up from the average. POSCO (ADR) (NYSE:PKX) has declined 0.15% since April 20, 2016 and is downtrending. It has underperformed by 4.70% the S&P500.
The move comes after 9 months positive chart setup for the $19.78B company. It was reported on Nov, 22 by Barchart.com. We have $57.83 PT which if reached, will make NYSE:PKX worth $593.40 million 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 stock of POSCO (ADR) (NYSE:PKX) earned “Outperform” rating by Macquarie Research on Thursday, July 21. The rating was downgraded by CLSA on Monday, May 9 to “Sell”. On Monday, August 31 the stock rating was downgraded by Zacks to “Hold”. The firm earned “Neutral” rating on Thursday, September 3 by Macquarie Research. The stock of POSCO (ADR) (NYSE:PKX) has “Overweight” rating given on Tuesday, April 5 by JP Morgan. The stock of POSCO (ADR) (NYSE:PKX) has “Reduce” rating given on Friday, April 15 by HSBC.
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.”
Another recent and important POSCO (ADR) (NYSE:PKX) news was published by Marketwatch.com which published an article titled: “Virtual Stock Exchange” on December 21, 2009.
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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