Vale (VALE) Shares Now Down 8.5% After Chanos Calls Stock 'Value Trap'

Speaking at the Value Investing Congress, Jim Chanos, in his "value trap" segment, highlighted his bearish view on Vale (NYSE: VALE).

Already down more than 6 percent amid concerns related to an iron-ore price cut, the stock is now down another 2.5 percent amid the Chanos comments.

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