Why the sudden drop mid day?
UBS downgrade "SELL: as Fundamentals are bad and only getting worse.! Cash flow growth is still -ve. Steel glut affect MT the most. 7 y
How did you come up with cash flow growth is negative?
Some fund sold 600K in a few minutes around mid day-knocked it down and kept it down. As usual the "buy" recommendation probably signals a sell at least for the short term.
After a long time lapse sudden climb short term profit taking is very healthy for MT. Sudden Remember this is not a IPO. MT is headed $25 and will be $20 if Hedgies don't mess it up.
Sentiment: Strong Buy