Finance

Analyzing the Insider Data for ArcelorMittal (MT)

Recent insider trends for ArcelorMittal (NYSE:MT) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how MT might perform in the future.

Institutions own 04.80% of ArcelorMittal (MT)’s shares. The total value of these holdings, in millions, is $1,666. Among active positions in the latest quarter, 100 holders increased their positions by a total of 15.18 million shares, 82 holders decreased the positions by a total of 8.02 million shares, and 31 holders held their positions. This works out to a net increase in ownership of 7.16 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 43 holders initiated new positions by a total of 3.97 million shares and 25 holders exited their positions by a total of 2.6 million shares. This nets out to an increase of 1.36 million shares and is a bullish sign for MT.

Insider ownership increased by a total of 0 shares, which suggests that MT’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. ArcelorMittal (NYSE:MT)’s short interest is 5.53 million shares, or 0.87% of the float. This represents a decrease of -37% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that MT is a buy, which implies that MT is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that ArcelorMittal (NYSE:MT) is undervalued.

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