GGB Jun 2024 8.000 put
OPR - OPR Delayed price. Currency in USD
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As of 01:07PM EDT. Market open.
| Previous close | 4.5100 |
| Open | 4.5100 |
| Bid | 4.4000 |
| Ask | 5.0000 |
| Strike | 8.00 |
| Expiry date | 2024-06-21 |
| Day's range | 4.5100 - 4.5100 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
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Declining prices, along with demand and economic headwinds paint a challenging picture for the steel industry. However, stocks like FSTR, CRS and GGB look promising in the current scenario.
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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.
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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.
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