On Monday trading session, stock of Cliffs Natural Resources Inc. (NYSE:CLF) gained 2.5% just after the opening bell.
A report in Barron’s reported that the latest selloff in Cliffs Natural Resources, which was the worst performing stock in the Standard & Poor’s 500 Index SPX in current year till Friday, could be “overdone.”
At the current trading session, Cliffs Natural Resources Inc (NYSE:CLF) shares are up +0.81% to $18.60 while the stocks are trading within the range of $18.55 – $18.99. In the past year, the stock has traded within a range of $17.95 – $71.60. The current session’s volume of 652,184.00 shares is lower from their average daily trading volume of 12.38 million shares.
On the other hand, Constellation Brands Inc. (NYSE:STZ) stock also rallied 3% on continuous developments with Anheuser-Busch InBev NV’s planned union with Grupo Modelo valued $20.1 billion.
Anheuser-Busch previously possesses 50% of Modelo. The recent meeting with the Justice Department, which was halting the union on antitrust grounds, counts possibly selling $2.9 billion in further assets to Constellation Brands (STZ).
Constellation Brands, Inc (NYSE:STZ) shares are up +0.84% to $48.45 while the stock is trading within the range of $48.28 – $49.23 in the current trading session. In the last 12 months the shares have traded between $18.50 and $49.23. The current session’s volume of 267,519.00 shares is lower from their average daily trading volume of 2.54 million shares.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL