Vale Stock Rises Almost 3x; What’s Changed?
- Monday, January 11, 2021, 7:10
- Market
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After rising almost 3x from its March lows of 2020, at the current price of $19 per share, Vale stock (NYSE: VALE) looks fairly valued at the moment. The stock rallied from less than $7 to $19 off its recent bottom compared to the S&P 500 which increased 70% from its recent lows…