Several Top Traders Leave Gerald Group in Shakeup at Metals Firm [BNN Bloomberg (Canada)]
GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
glencore.com/investors
Company Research
Source: BNN Bloomberg
Brian Ahern, Gerald's global head of refined copper, and Brandon Kernan, desk head for aluminum and alumina, are among those leaving, said the people, who asked not to be identified discussing private information. Keith Rowe-Wilson, a senior trader for copper and zinc in London, is also leaving, some of the people said. Gerald was hit by a loss in its tin book earlier this year, according to some of the people. Reuters reported in June that Gerald had bought cargoes that were supposed to contain tin concentrate in Brazil but turned out to be sand. Gerald representatives had no comment when reached by phone and email. Founded in 1962, Gerald is well-known in the metals world, although these days its business is dwarfed in scale by industry leaders Glencore Plc and Trafigura Group. The metals trading industry has struggled with growing headwinds this year, with prices under pressure and rising interest rates increasing the cost of financing. The sector has also been hit by a se
Show less
Read more
Impact Snapshot
Event Time:
GLNCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GLNCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GLNCY alerts
High impacting GLENCORE PLC UNSP/ADR news events
Weekly update
A roundup of the hottest topics
GLNCY
News
- Glencore (OTCMKTS:GLNCY) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Glencore (OTCMKTS:GLNCY) was downgraded by analysts at UBS Group AG from a "strong-buy" rating to a "hold" rating.MarketBeat
- Glencore (OTCMKTS:GLNCY) had its "overweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- Vale Base Metals and Glencore Canada agree to evaluate development of Sudbury copper deposits [Yahoo! Finance]Yahoo! Finance
- Neometals secures conditional grant for VRP1 in Pori, Finland [Yahoo! Finance]Yahoo! Finance