Rio Tinto maintains composure within $64.03 to $65.05 range

Published: March 19 2023, 06:36 GMT+0

Rio Tinto maintains composure within $64.03 to $65.05 range

Friday at a glance: Rio Tinto moves 0.09% to close at $64.67 Friday.

  • Daily trading volume (9.65 million shares) increased, making up 300% of the 21-day average (3.21 million).

With around a day until market open on the New York Stock Exchange, Friday's session saw to it that S&P 500 went down to 3,916.64, making a 1.1% change. Rio Tinto is flat, while the Basic Materials sector seems to be on the same page.

Rio Tinto hit a significant low of $51.22 around 5 months ago, but has since recovered 26.38%. So far this year, it has been under-performing the S&P by 4.73%. Currently, the mammoth British miner has a market capitalization of $104.90 billion with an average daily volume of 3.21 million shares.

Meanwhile, mixed performances were seen by other materials stocks as Linde went down 2.31%, closed at $338.29.