Morgan Stanley downgraded Glencore PLC (ADR) (OTC:GLNCY) from Equal-weight to Underweight in a report released today.
- Updated: September 21, 2016
Just yesterday Glencore PLC (ADR) (OTC:GLNCY) traded 1.19% higher at $5.05. Glencore PLC (ADR)’s 50-day moving average is $4.87 and its 200-day moving average is $4.38. The last closing price is up 16.54% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 21,131 shares of GLNCY traded hands, down from an average trading volume of 156,602
Morgan Stanley has downgraded Glencore PLC (ADR) (OTC:GLNCY) from Equal-weight to Underweight in a statement released on 09/21/2016.
Recent Performance Chart
Glencore PLC (ADR) has 52 week low of $1.95 and a 52 week high of $5.15 and has a market capitalization of $0.
Brief Synopsis On Glencore PLC (ADR) (OTC:GLNCY)
Glencore plc engages in the production, processing, refinement, transport, storage, marketing, and supply of commodities worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in mining, smelting, refining, and warehousing operations of copper, zinc, lead, alumina, aluminium, ferroalloys, nickel, cobalt, and iron ore. The Energy Products segment activities include coal mining and oil production operations; and investments in handling, storage, and freight equipment and facilities. The Agricultural Products segment engages in the farming, processing, handling, storage, and port facilitating of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton, and sugar. It also sources and distributes physical commodities to industrial consumers, such as automotive, steel, power generation, oil, and food processing industries. The company was formerly known as Glencore Xstrata plc and changed its name to Glencore plc in May 2014. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.
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