AK Steel Holding Corporation (AKS) has risen sharply, recording gains of 27.54% in the past 4 weeks. However, the stock has corrected -6.1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 24.44% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
AK Steel Holding Corporation (NYSE:AKS): The stock was completely flat for the day, closing at $6.16 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $6.22, the stock touched an intraday high of $6.28 and a low of $6.12. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $6.16. The total trading volume on Friday was 5,684,655.
The stock has recorded a 20-day Moving Average of 6.81% and the 50-Day Moving Average is 21.24%. AK Steel Holding Corporation is up 50.61% in the last 3-month period. Year-to-Date the stock performance stands at 175%.
AK Steel Holding Corporation (AKS) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $9 and the lowest price target forecast is $3. The average forecast of all the analysts is $5.2 and the expected standard deviation is $1.63.
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.