It's been a topsy-turvy session for Radius Recycling (RDUS) today. The stock got off to a shaky start, dropping to a session low of $26.57 shortly after the open, however, it managed to claw back effectively, reclaiming the $27 mark. This flip in the stock's fortunes appears to be in response to the news of the company's proposed sale to U.S. Subsidiary of TOYOTA TSUSHO CORPORATION (TTC), with the news triggering a lot of debates on the fairness of the deal's price and process. 

From a technical viewpoint, RDUS has been floating on increased volume, suggesting strong investor interest. The rebound from the lows also points to a resilient support level at around the $26.57 to $27 mark. However, given the volatility resulting from the M&A news, caution might be warranted in trading the stock right away. Furthermore, investors should keep an eye on the reactions to the company's Q1 2025 earnings call, as any surprising revelations could impact the current trading pattern of the stock. It's also worth noting that analyst sentiment on this stock is neutral, adding another layer of uncertainty to its trajectory.

Radius Recycling, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; and ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors, as well as finished steel customers, such as steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. It also provides recycling and related services, including scrap brokerage, certified destruction, automotive parts recycling, railcar dismantling, and reverse logistics under 3PR brand name. The company was formerly known as Schnitzer Steel Industries, Inc. and changed its name to Radius Recycling, Inc. in January 2024. Radius Recycling, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

Radius Recycling, Inc. RDUS: 28.95 USD

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