Basic Materials

Glencore (GLNCY) Gets Attention This Weekend. Here is Why

The beaten-up GLNCY stock suddenly pops up in trending searches while it has declined in the last two trading sessions. However, this year commodity players seem to get a good period to rise while big tech stocks are facing not seriously steep declines. The company itself looks so impressive for its positive 0.30 EPS. Nevertheless, it has a very modest 303,095 average volume.Seneca Asset Management Since December 21 of the last year, GLNCY has begun its slow growth from $9.26. Speculative buyers could not notice it as they chase after hot stocks that heat up within hours. Glencore suits only long-term investors who believe in the power of commodities while digital currencies start having cracks from their bottom (no physical value).