Vale's Base Is 'Crumbling,' Warns HSBC Analyst Amid Downgrade By: Benzinga via Benzinga January 20, 2016 at 09:40 AM EST Vale SA (ADR) (NYSE: VALE) shares have been on a downward trajectory, and have plummeted 57 percent since July ... Read More >> Related Stocks: HSBC Holdings Plc ADR Vale ADR Representing One Ord Shs