Celcuity Inc. (CELC) Forms $19.47 Double Top; Gerdau SA (GGB) Shorts Raised By 5.48%

Celcuity Inc. (CELC) formed double top with $20.83 target or 7.00% above today’s $19.47 share price. Celcuity Inc. (CELC) has $196.30M valuation. The stock increased 1.46% or $0.28 during the last trading session, reaching $19.47. About 6,456 shares traded. Celcuity Inc. (NASDAQ:CELC) has 0.00% since January 23, 2017 and is . It has underperformed by 16.70% the S&P500.

Gerdau SA (NYSE:GGB) had an increase of 5.48% in short interest. GGB’s SI was 22.68 million shares in January as released by FINRA. Its up 5.48% from 21.50M shares previously. With 6.88 million avg volume, 3 days are for Gerdau SA (NYSE:GGB)’s short sellers to cover GGB’s short positions. The stock decreased 1.13% or $0.05 during the last trading session, reaching $4.37. About 8.63M shares traded. Gerdau S.A. (NYSE:GGB) has risen 83.44% since January 23, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

Among 7 analysts covering Gerdau (NYSE:GGB), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Gerdau had 10 analyst reports since August 10, 2015 according to SRatingsIntel. As per Monday, August 10, the company rating was initiated by Goldman Sachs. The stock of Gerdau S.A. (NYSE:GGB) earned “Underperform” rating by Bank of America on Monday, February 22. As per Friday, September 1, the company rating was upgraded by J.P. Morgan. The firm has “Outperform” rating given on Thursday, August 4 by Credit Suisse. The stock of Gerdau S.A. (NYSE:GGB) has “Overweight” rating given on Thursday, August 18 by Morgan Stanley. The firm has “Overweight” rating by JP Morgan given on Friday, September 1. The company was downgraded on Tuesday, October 25 by Scotia Capital. Bank of America upgraded it to “Buy” rating and $4.25 target in Monday, November 27 report. The firm earned “Hold” rating on Thursday, September 7 by Credit Suisse.

Gerdau S.A. provides steel-related products and services worldwide. The company has market cap of $7.42 billion. The firm operates through Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. It currently has negative earnings. It offers semi-finished products, such as billets, blooms, and slabs; common long rolled products, including rebars, merchant bars, and profiles that are used by the construction and manufacturing industries; and drawn products consisting of barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps, as well as mines and produces iron ore.