Published on 13 Mar 2023 on Zacks via Yahoo Finance
Gerdau (GGB) Dips More Than Broader Markets: What You Should Know
Gerdau (GGB) closed at $5.07 in the latest trading session, marking a -1.93% move from the prior day. This move lagged the S&P 500's daily loss of 0.15%. At the same time, the Dow lost 0.28%, and the tech-heavy Nasdaq gained 3.16%.
Heading into today, shares of the steel producer had lost 5.14% over the past month, lagging the Basic Materials sector's loss of 4.43% and outpacing the S&P 500's loss of 5.39% in that time.