Gerdau S.A. Common Stock (GGB): Downgrade News

GGB – Morgan Stanley cuts to equal-weight. Stock price at the time of this analyst call was $5.06.

Update: As of Dec. 13, 2018, this bearish analyst call has returned -22.06%.

Key Facts Surrounding This News Item

  • GGB had a POWR Rating of A (Strong Buy) coming into today.
  • GGB was 0.31% above its 10-Day Moving Average coming into today.
  • GGB was 6.06% above its 20-Day Moving Average coming into today.
  • GGB was 13.79% above its 50-Day Moving Average coming into today.
  • GGB was 29.86% above its 100-Day Moving Average coming into today.
  • GGB was 41.01% above its 200-Day Moving Average coming into today.
  • GGB had returned +37.90% year-to-date leading up to today’s news, versus a +2.22% return from the benchmark S&P 500 during the same period.

More Info About Gerdau S.A. Common Stock (GGB)

Gerdau S.A. produces and commercializes steel products worldwide for use in manufacturing, construction, and agricultural industries. The company was founded in 1901 and is based in Porto Alegre, Brazil. View our full GGB ticker page with ratings, news, and more.

GGB at a Glance

GGB Current POWR Rating™
Overall POWR Rating™
GGB Current Price $3.93 1.01%
More GGB Ratings, Data, and News

GGB Price Reaction

The day of this event (Mar. 8, 2018)
GGB Closing Price$4.81 4.68%
GGB Volume15,129,183
64.22% from avg
Leading up to this event
GGB 1-mo return24.21%
After this event
GGB 1-day return4.12%
GGB 3-day return3.70%
GGB 5-day return9.69%

GGB Price Chart

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