Vale Stock Hits 52-Week Low: A Buying Opportunity or Warning Sign?

Shares of Vale S.A (VALE) hit a 52-week low of $8.38 yesterday to close the session a tad higher at$8.51.The stock has been in the red territory for a while now, having declined 42.5% over a year. VALE has also underperformed the broader Zacks Basic Materials sector’s 8.3% decline and the S&P 500’s climb of 22.9%.VALE Stock’s 1-Year Price Performance Versus Sector & S&P  Image Source: Zacks Investment Research The downtrend in iron ore prices has been reflected in VALE’s share price movement. Weak demand i ...