Today’s Market Runner: AK Steel Holding Corporation Has Another Very Weak Trading Session

Today's Market Runner: AK Steel Holding Corporation Has Another Very Weak Trading Session

The stock of AK Steel Holding Corporation (NYSE:AKS) is a huge mover today! About 40.75M shares traded hands or 86.16% up from the average. AK Steel Holding Corporation (NYSE:AKS) has risen 78.83% since April 13, 2016 and is uptrending. It has outperformed by 74.91% the S&P500.
The move comes after 5 months negative chart setup for the $2.79 billion company. It was reported on Nov, 15 by Barchart.com. We have $7.51 PT which if reached, will make NYSE:AKS worth $195.30 million less.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Out of 15 analysts covering AK Steel Holding Corporation (NYSE:AKS), 7 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 47% are positive. AK Steel Holding Corporation has been the topic of 35 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, October 28 by Jefferies. The rating was downgraded by UBS to “Sell” on Friday, April 8. The firm has “Equal-Weight” rating given on Tuesday, January 12 by Barclays Capital. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Market Perform” rating by Cowen & Co on Wednesday, October 26. Jefferies maintained the stock with “Hold” rating in Wednesday, September 16 report. The firm has “Equalweight” rating by Barclays Capital given on Wednesday, July 13. The rating was upgraded by Bank of America to “Buy” on Wednesday, October 26. The rating was maintained by Cowen & Co on Thursday, October 29 with “Market Perform”. Citigroup initiated AK Steel Holding Corporation (NYSE:AKS) on Monday, August 22 with “Neutral” rating. Jefferies maintained AK Steel Holding Corporation (NYSE:AKS) on Thursday, September 15 with “Hold” rating.

According to Zacks Investment Research, “AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AK Steel maintains a relentless pursuit of improvement in every critical performance measure. The result is a track record without equal.”

Insitutional Activity: The institutional sentiment increased to 3.34 in 2016 Q2. Its up 1.83, from 1.51 in 2016Q1. The ratio improved, as 16 funds sold all AK Steel Holding Corporation shares owned while 25 reduced positions. 45 funds bought stakes while 92 increased positions. They now own 302.64 million shares or 221.86% more from 94.03 million shares in 2016Q1.
California State Teachers Retirement Sys reported 498,251 shares or 0% of all its holdings. Tci Wealth owns 268 shares or 0% of their US portfolio. Cubist Systematic Strategies Limited Liability Co holds 81,208 shares or 0.02% of its portfolio. Nj State Employees Deferred Compensation Plan owns 10,000 shares or 0.01% of their US portfolio. Commonwealth Equity Ser has invested 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). World Asset last reported 0% of its portfolio in the stock. Peak6 Invests L P holds 0% or 7,985 shares in its portfolio. Cibc Asset Mngmt Incorporated holds 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 16,517 shares. Shelton Capital Management last reported 0.01% of its portfolio in the stock. Moreover, Gsa Cap Prtnrs Llp has 0.02% invested in AK Steel Holding Corporation (NYSE:AKS) for 88,115 shares. Commerzbank Aktiengesellschaft Fi holds 1.47 million shares or 0.05% of its portfolio. Allianz Asset Management Ag accumulated 1.36 million shares or 0% of the stock. Aqr Cap Lc accumulated 462,826 shares or 0% of the stock. Pomelo Limited Liability Corporation holds 180,000 shares or 0.04% of its portfolio. Blackrock Fund Advsrs reported 15.28M shares or 0.02% of all its holdings.

Insider Transactions: Since July 28, 2016, the stock had 0 buys, and 1 insider sale for $180,900 net activity. Shares for $180,900 were sold by WRIGHT VICENTE on Thursday, July 28.

Another recent and important AK Steel Holding Corporation (NYSE:AKS) news was published by Nasdaq.com which published an article titled: “AK Steel Holding Corp. Q3 Earnings Climb 660%” on October 25, 2016.

AKS Company Profile

AK Steel Holding Corporation, incorporated on December 20, 1993, is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Firm operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These activities produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Firm also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.

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