Shares of AK Steel Holding Corporation (AKS) Sees Large Outflow of Money

AK Steel Holding Corporation (AKS) : Net money flow in AK Steel Holding Corporation (AKS) was negative ($1.6 million) and the inflow of money on uptick was $2.21 million, whereas, the outflow of money on downticks amounted to $3.81 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.58. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.41 million. On the other hand, the total value of block trades done on downticks was $1.6 million. The ratio of uptick to downtick block trades was 0.26. The money flow in block trades was negative ($1.19). AK Steel Holding Corporation (AKS) gained $0.03 cent during the day and reached $5.33, a gain of 0.57% over the previous day.


The stock has recorded a 20-day Moving Average of 16.3% and the 50-Day Moving Average is 26.7%. Shares have rallied 54.86% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $5.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.58 and the 200 Day Moving Average price is recorded at $3.64.

AK Steel Holding Corporation (NYSE:AKS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.47 and $5.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.54, notching a gain of 4.53% for the day. The total traded volume was 14,462,681 . The stock had closed at $5.30 on the previous day.

In an insider trading activity, 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.

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