Shares of metals and materials stocks are trading lower amid a drop in the price of multiple different metals.
Portfolio Pulse from Benzinga Newsdesk
Shares of metals and materials stocks are trading lower due to a decrease in the price of various metals.
April 30, 2024 | 7:51 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alcoa Corp's shares are trading lower following a drop in metal prices.
As a major player in the aluminum sector, Alcoa Corp's stock price is sensitive to changes in metal prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BHP Group's shares are down in response to declining metal prices.
BHP Group, being a global resources company, is affected by the drop in prices for metals, impacting its stock negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cleveland-Cliffs Inc's stock is trading lower due to the fall in metal prices.
As a company involved in the mining and steelmaking industry, Cleveland-Cliffs Inc is directly impacted by metal price fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nucor Corporation's shares are lower amid a decrease in metal prices.
Nucor Corporation, being a leading steel producer in the U.S., is negatively affected by the downturn in metal prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
POSCO's stock is trading lower following a decrease in the price of metals.
POSCO, a global steel-making company, experiences a decline in its stock price due to the overall drop in metal prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Steel Dynamics, Inc.'s shares are down in response to falling metal prices.
Steel Dynamics, Inc., as a significant player in the steel production and metals recycling sector, is impacted by the decrease in metal prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80