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Why Mechel Stock Popped 18% Today -- Then Dropped

TheMotleyFool

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Why Mechel Stock Popped 18% Today -- Then Dropped

Another day, another...inexplicably huge rise in share price for Russian coal and steel producer Mechel PAO (NYSE: MTL).

After surging more than 36% on Monday for no reason in particular (or at least none that we can discern), Mechel shares are off to the races again on Wednesday, climbing 18.2% through 10:40 a.m. EST. And once again, there appears to be no news driving the share price.

Image source: Getty Images.

Source Fool.com

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