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Why Schnitzer Steel Indus's Stock is Trading Lower Today

January 12, 2021 10:11 am
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Why Schnitzer Steel Indus's Stock is Trading Lower Today

Schnitzer Steel Indus's Stock Price And Volume Action

Schnitzer Steel Indus (NASDAQ:SCHN) is currently down 3.26% to a price of $35.71. The stock's volume is currently 31.33 thousand, which is roughly 12.77% of its recent 30-day volume average of 245.26 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Schnitzer Steel Industries shares are trading lower after KeyBanc downgraded the stock from Overweight to Sector Weight.

Insights On Recent Price Action

The moving average price of the stock over the past 50 days was $27.62 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $42.19 and as low as $10.09.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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