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ArcelorMittal (MT) Surges: Stock Moves 8.4% Higher

Zacks Equity Research
Updated

ArcelorMittal MT was a big mover last session, as the company saw its shares rise more than 8% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.94 to $27.11 in the past one-month time frame.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

ArcelorMittal currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%. 

ArcelorMittal Price

ArcelorMittal Price | ArcelorMittal Quote

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A better-ranked stock in the Steel - Producers industry is Angang Steel Company Limited ANGGY, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MT going up? Or down? Predict to see what others think: Up or Down

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ArcelorMittal (MT) : Free Stock Analysis Report
 
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To read this article on Zacks.com click here.