Large Outflow of Money Witnessed in AK Steel Holding Corporation

AK Steel Holding Corporation (AKS) : The total money flow in AK Steel Holding Corporation (AKS) was negative ($1.69 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $7 million. Transactions on upticks were comparatively lower at $5.31 million. The uptick to downtick ratio was 0.76. The total block trades done on upticks were valued at $1.14 million. The total block trades on downticks were valued at $2.97 million. The uptick to the downtick ratio of block trades was 0.38. The money flow during block trades was negative ($1.83 million) when the stock traded with a gain of $13 cent. AK Steel Holding Corporation (AKS) was $4.98, an increase of 2.68% over the previous days close.


Shares of AK Steel Holding Corporation rose by 8.05% in the last five trading days and 8.74% for the last 4 weeks. AK Steel Holding Corporation is up 15.65% in the last 3-month period. Year-to-Date the stock performance stands at 127.68%.

AK Steel Holding Corporation (AKS) : 10 analysts are covering AK Steel Holding Corporation (AKS) and their average rating on the stock is 3.7, which is read as a Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AK Steel Holding Corporation (NYSE:AKS): The stock opened at $4.96 and touched an intraday high of $5.11 on Wednesday. During the day, the stock corrected to an intraday low of $4.85, however, the bulls stepped in and pushed the price higher to close in the green at $5.1 with a gain of 5.15% for the day. The total traded volume for the day was 11,724,920. The stock had closed at $4.85 in the previous trading session.

AK Steel Holding Corporation (AK Holding) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company). The operations of the Company and its wholly owned subsidiaries consist primarily of eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across six states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon steels, including coated, cold-rolled and hot-rolled carbon steel products, and specialty stainless and electrical steels that are sold in sheet and strip form, as well as carbon and stainless steel that is finished into welded steel tubing. These products are sold to the automotive, infrastructure and manufacturing, and distributors and converters markets.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *