AK Steel Holding Corporation (AKS) : Traders are bullish on AK Steel Holding Corporation (AKS) as it has outperformed the S&P 500 by a wide margin of 9.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 15.94% in the last 1 week, and is up 14.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 16.85% and the 50-Day Moving Average is 27.44%.
AK Steel Holding Corporation (NYSE:AKS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.49 and $5.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.60, notching a gain of 1.08% for the day. The total traded volume was 9,715,362 . The stock had closed at $5.54 on the previous day.
The company Insiders own 2.1% of AK Steel Holding Corporation shares according to the proxy statements. Institutional Investors own 39.61% of AK Steel Holding Corporation shares. In a related news, Newport Roger K, CFO of Ak Steel Holding Corp had purchased 5,000 shares on July 31, 2015 in a transaction. The price per share was $3.12 and the total amount of the disclosed transaction was $15,600.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.