Traders Sell Vale SA (VALE) on Strength (VALE)
Investors sold shares of Vale SA (NASDAQ:VALE) on strength during trading hours on Friday. $16.07 million flowed into the stock on the tick-up and $40.17 million flowed out of the stock on the tick-down, for a money net flow of $24.10 million out of the stock. Of all stocks tracked, Vale SA had the 0th highest net out-flow for the day. Vale SA traded up $0.21 for the day and closed at $5.60
Several brokerages have recently commented on VALE. Morgan Stanley upgraded shares of Vale SA from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $4.80 to $6.20 in a research note on Tuesday, August 9th. Jefferies Group set a $6.00 target price on shares of Vale SA and gave the company a “hold” rating in a research note on Tuesday, August 23rd. Wedbush reiterated an “outperform” rating on shares of Vale SA in a research report on Thursday, June 9th. Zacks Investment Research upgraded shares of Vale SA from a “hold” rating to a “strong-buy” rating and set a $5.25 price target on the stock in a research report on Monday, June 20th. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Vale SA in a research report on Thursday, June 9th. They set a “neutral” rating and a $4.40 price target on the stock. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $5.46.
The company’s market cap is $28.86 billion. The stock has a 50-day moving average of $5.66 and a 200 day moving average of $4.73.
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