The stock of BHP Billiton plc (ADR) (NYSE:BBL) is a huge mover today! The stock is up 0.56% or $0.13 after the news, hitting $23.52 per share. About 3.08M shares traded hands. BHP Billiton plc (ADR) (NYSE:BBL) has declined 29.80% since July 31, 2015 and is downtrending. It has underperformed by 24.94% the S&P500. The move comes after 5 months negative chart setup for the $68.02B company. It was reported on Mar, 9 by Barchart.com. We have $22.11 PT which if reached, will make NYSE:BBL worth $4.08 billion less.
According to Zacks Investment Research, “Billiton is one of the world’s major resource groups. It is one of the world’s largest producers of aluminum, the world’s largest exporter of thermal coal and has a controlling interest in the world’s leading integrated producer of ferrochrome and ferromanganese. The company also has a 50 percent interest in Richard Bay Minerals, the world’s largest producer of titanium dioxide slag.”
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