Vale S.A. (NYSE:VALE) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 0.92% to 9.89 with around 4.79 Million shares have changed hands in this session. BHP Billiton Ltd. (BHP), Vale SA (VALE) and their Brazilian iron-ore joint venture SamarcoMineração SA entered into a preliminary contract with the Federal Prosecutors’ Office in Brazil regarding the Fundão tailings dam failure on 5 November 2015 that killed 19 people.As part of the Preliminary Contract, Samarco and Vale and BHP Billiton Brasil expect to provide security of BRL 2.2 billion or $675 million to support social and environmental remediation programs.
The Interim Security comprises a charge over Samarco’s assets of BRL 800 million or approximately US$245 million, insurance bonds of BRL 1.3 billion or approximately US$400 million, and liquid assets of BRL 100 million or approximately US$30 million. The stock is going forward its fifty-two week low with 366.40% and lagging behind from its 52-week high price with -2.42%.
Similar, the positive performance for the quarter recorded as 68.82% and for the year was 323.13%, while the YTD performance remained at 28.61%. VALE has Average True Range for 14 days of 0.38.
Citigroup Inc. (NYSE:C) [Trend Analysis] retains strong position in active trade, as shares scoring remains unchanged to $56.66 in a active trade session, while looking at the shares volume, around 4.96 Million shares have changed hands in this session. The U.S. Commodity Futures Trading Commission settled charges against Citigroup Global Markets Inc. (C) on Thursday for spoofing – bidding or offering with the intent to cancel the bid or offer before execution – in U.S. Treasury futures markets between July 16, 2011 and December 31, 2012. Citigroup will pay a $25 million penalty.
Five of its traders spoofed more than 2,500 times in various Chicago Mercantile Exchange U.S. Treasury futures products by placing bids or offers of 1,000 lots or more with the intent to cancel those orders before execution. On at least one occasion, some of the traders coordinated with each other to implement the spoofing strategy, by placing one or more spoofing orders after another trader had placed one or more smaller resting orders in the same or a correlated futures or cash market.
The regulator also cited the bank’s broker-dealer subsidiary for failing to diligently supervise the activities of its employees and agents in conjunction with the spoofing activity. The firm has institutional ownership of 73.00%, while insider ownership included 0.10%. C attains analyst recommendation of 2.30 with week’s performance of -5.50%. Investors looking further ahead will note that the Price to next year’s EPS is 11.04%.