Regions Financial Corp (NYSE:RF) climbed 4.50% during last trading as the stock added $0.32 to finish the day at $8.23 with about 26.92M shares changing hands, compared to its three month average trading volume of 19.38M. The $ 9.67B market cap company, which fluctuated between $8.01 and $8.26 during the day, currently situated 19.24% above its 52 week low of $6.90 and -22.24% away from its one year high of $10.58. The RSI of 34.10 indicates the stock is overbought at the current levels, sell for now.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services.
Facebook Inc (NASDAQ:FB) gained $3.73 to close the day at a new closing price of $112.70, a 3.42% increase in value from its previous closing price that moved the stock XX% above its 52 week low of $0.5. A total of 26.81M shares exchanged hands during the day compared with its three month average trading volume of 20.34M. The stock, which fluctuated between $110.55 and $114.37 during the day, currently situated -6.92% below its 52 week high. The stock is down by -5.60% in the past one month and down by -1.74% over the past three months. With a one year target estimate of $142.87 and RSI of 42.86, the stock still has upside potential, making it a hold for now.
Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram is a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them to friends.
ArcelorMittal SA (ADR) (NYSE:MT) had a light trading with around 26.21M shares changing hands compared to its three month average trading volume of 15.75M. The stock traded between $4.35 and $4.50 before closing at the price of $4.50 with 2.74% change on the day. The company is currently trading 53.58% above its 52 week low of $2.93 and 55.75% above its 52 week high of $10.17. Both the RSI indicator and target price of 39.21 and $6.40 respectively, lead us to believe that it could drop over the coming weeks.
ArcelorMittal S.A. (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products. The Brazil segment includes the flat operations of Brazil, and the long and tubular operations of Brazil and neighboring countries.