Why Is MTL Stock Falling?

MTL stockMechel PAO (NYSE ADR: MTL) stock is down 8.48% to $4.73 today (Tuesday) following a hefty 35% gain on Monday. So why is MTL stock falling today?

The massive two-day fluctuation for the MTL stock price appears to be general investor speculation.

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Based in Moscow, MTL is engaged in the mining and steel business. The company has operations throughout Asia, Europe, the United States, and the Middle East.

A Closer Look at MTL Stock

The company has three divisions: steel, power, and mining.

  • The steel segment produces a number of semi-finished steel products, carbon and stainless flat products, wire products, forgings, carbon and specialty long products, hardware, and stamping.
  • The power segment deals with products made from steam coal, like electricity and heat energy.
  • The mining segment produces and sells metallurgical and steam coal, iron ore, limestone, and coke. It also works with coal tar, naphthalene, and other compounds.

Absent any stock-specific news, the MTL stock price surged 35.85%, or $1.37, to $5.19 on Monday. Volume was extremely heavy. Roughly 3.5 million shares traded hands compared to the average daily volume of 375,000.

MTL shares have traded as low as $1.23 and as high of $5.25 over the last year. At $4.73, the MTL stock price is up a whopping 195% year to date.

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As with most low-priced or penny stocks moving higher with no explicit news, we're skeptical and avoiding MTL stock.

But we have compiled a list of the best stocks to buy now for investors looking for long-term gains. Here are our top picks and the huge profit opportunities we've found...

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