Schnitzer Steel Industries Inc. (SCHN) was among the biggest gainers on the Russell 2000 for Monday February 15 as the stock popped 10.12% to $14.25, representing a gain of $1.31 per share. Some 274,269 shares traded hands on 2,574 trades, compared with an average daily volume of 349,031 shares out of a total float of 26.75 million. The stock opened at $13.05 and traded with an intraday range of $14.28 to $13.03.
After today's gains, Schnitzer Steel Industries Inc. reached a market cap of $381.12 million. Schnitzer Steel Industries Inc. has had a trading range between $20.65 and $11.70 over the last year, and it had a 50-day SMA of $13.77 and a 200-day SMA of $15.75.
Schnitzer Steel Industries Inc is a recycler of ferrous and nonferrous scrap metal including end-of-life vehicles and a manufacturer of finished steel products.
Schnitzer Steel Industries Inc. is based out of Portland, OR and has some 2,955 employees. Its CEO is .
For a complete fundamental analysis analysis of Schnitzer Steel Industries Inc., check out Equities.com’s Stock Valuation Analysis report for SCHN. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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