POSCO Holdings Inc. (NYSE:PKX – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $53.83, but opened at $52.35. POSCO shares last traded at $52.26, with a volume of 55,244 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com raised POSCO from a “hold” rating to a “buy” rating in a report on Tuesday.
View Our Latest Analysis on POSCO
POSCO Stock Performance
Hedge Funds Weigh In On POSCO
Several hedge funds have recently bought and sold shares of the stock. DMC Group LLC grew its holdings in POSCO by 1.5% in the 2nd quarter. DMC Group LLC now owns 11,111 shares of the basic materials company’s stock valued at $730,000 after buying an additional 167 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of POSCO by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,470 shares of the basic materials company’s stock valued at $688,000 after purchasing an additional 183 shares in the last quarter. Confluence Investment Management LLC raised its stake in POSCO by 3.0% during the 2nd quarter. Confluence Investment Management LLC now owns 6,420 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 185 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of POSCO by 7.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 298 shares during the last quarter. Finally, CWM LLC grew its holdings in POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after buying an additional 327 shares during the last quarter.
POSCO Company Profile
POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.
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