Previous close | 2.2500 |
Open | 2.2500 |
Bid | 2.3500 |
Ask | 2.5000 |
Strike | 2.00 |
Expiry date | 2024-06-21 |
Day's range | 2.2500 - 2.2500 |
Contract range | N/A |
Volume | |
Open interest | 10 |
Gerdau (GGB) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors need to pay close attention to Gerdau (GGB) stock based on the movements in the options market lately.