The Vetr crowd upgraded its rating for Vale SA (ADR) (NYSE:VALE) on Friday from 4 stars (Buy), issued four days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was largely positive, with 90 percent of Vetr user ratings bullish.
Vetr's upgrade follows turmoil in the metal manufacturer's home country after a scandal involving Brazilian President Michel Temer allegedly accepting bribes generated calls for impeachment among many in the government. The scandal sent shares down by about a dollar upon Thursday's market open. However, Vale's stock rebounded quickly over Friday's session, returning to around its Wednesday close level of $8.50.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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Currently, the Vetr crowd's average target price on Vale is up at $9.51, which is above the average analyst target price of $8.63. Less than 2 percent of Vetr users are holding VALE in their watch lists.