Vale SA

Vale opened pre-market at $14.57, then rallied intraday to close at $14.84, up 4.14%, with a high of $14.85, driven by Q2 iron ore output hitting a first-half record since 2018 and 12.76% YoY revenue growth. The Q2 beat of Visible Alpha estimates and reiterated FY2026 guidance of 335-345 million tons pushed the stock above its 20-day MA ($14.627) but still below the 60-day MA ($15.625), while remaining 17.28% below the 52-week high of $17.94. However, an extraordinary general meeting on July 22 to vote on removing the CEO and electing a new chair, along with a 12-month price target cut to $17.1, capped further upside.

Vale fell 4.36% during regular trading to $14.05, driven by the sudden resignation of board chair Daniel Stieler with immediate effect ahead of an extraordinary shareholder meeting. The meeting was called after Previ sought Stieler's removal; the board had voted against the bid but eventually convened the July 22 meeting. Despite solid Q1 results—revenue up 12.8% YoY to $9.28B and net profit up 33.9% YoY to $1.90B—the stock trades below its 20-day MA of $15.20 and 60-day MA of $16.15, 21.7% off its 52-week high of $17.94. Though post-market trading saw the price recover to $14.82, suggesting some dip-buying interest.