Traders Sell Vale SA (VALE) on Strength (VALE)
Investors sold shares of Vale SA (NASDAQ:VALE) on strength during trading hours on Monday. $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 companies tracked, Vale SA had the 22nd highest net out-flow for the day. Vale SA traded up $0.21 for the day and closed at $5.60
A number of research analysts have recently commented on VALE shares. Jefferies Group set a $6.00 target price on shares of Vale SA and gave the stock a “hold” rating in a research report on Tuesday, August 23rd. Wedbush reaffirmed an “outperform” rating on shares of Vale SA in a report on Thursday, June 9th. Zacks Investment Research raised 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 report on Monday, June 20th. Morgan Stanley raised shares of Vale SA from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $4.80 to $6.20 in a report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Vale SA in a report on Thursday, June 9th. They issued a “neutral” rating and a $4.40 price target on the stock. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Vale SA has a consensus rating of “Buy” and an average target price of $5.46.
The stock’s 50 day moving average is $5.66 and its 200-day moving average is $4.73. The company’s market cap is $28.86 billion.
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