Rio Tinto plc (NYSE:RIO) shares are moving lower ahead of the market open, gapping down -2.31% as the stock currently sits at $44.60 before the bell.
There are many factors that may influence stock price action. One of the most influential factors is company earnings. Company earnings reports can be extremely important for investors. Earnings reports have the ability to let investors know how well or poorly a company has been performing. Investors may try to capitalize on trading around earnings announcements. This can be a very tricky venture and may be quite risky. Studying stock price movements around earnings reports can sometimes be confusing. Often times a company will post better than expected numbers but the stock will drop in price. On the other side, shares may see a bounce even after disappointing results. Analysts try to project what numbers the company will post, but they may not be accurate for a variety of reasons. Following analyst estimates around earnings reports may be helpful, but it may be wise to proceed with caution if only going on what the analysts are saying.
Rio Tinto plc (NYSE:RIO)’s performance this year to date is 18.17%. The stock has performed 2.78% over the last seven days, 15.50% over the last thirty, and 16.51% over the last three months. Over the last six months, Rio Tinto plc’s stock has been 8.11% and 38.31% for the year.
Rio Tinto plc’s 20-Day Simple Moving Average is 6.12%. Extending back, their 50-Day Simple Moving Average is 8.66%, looking even further back, their 200-Day Simple Moving Average stands at 11.78%.
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