AK Steel Holding Corporation (NYSE:AKS) has tumbled 1.41% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 41.33% in the last four weeks. The stocks have underperformed the S&P 500 by 0.23% during the past week but AK Steel Holding Corporation (NYSE:AKS) it has outperformed the index in 4 weeks by 40.04%.
AK Steel Holding Corporation (NYSE:AKS): The stock opened at $4.99 on Friday but the bulls could not build on the opening and the stock topped out at $5.16 for the day. The stock traded down to $4.86 during the day, due to lack of any buying support eventually closed down at $4.89 with a loss of -0.61% for the day. The stock had closed at $4.92 on the previous day. The total traded volume was 15,387,442 shares.
The company shares have rallied 4.04% 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 $4.23 and the 200 Day Moving Average price is recorded at $3.35.
On the companys insider trading activities, Newport Roger K, CFO of Ak Steel Holding Corp, executed a transaction worth $15,600 on July 31, 2015. A total of 5,000 shares were purchased at an average price of $3.12. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Jefferies maintains its ratings on AK Steel Holding Corporation (NYSE:AKS). In the latest research report, Jefferies raises the target price from $4.25 per share to $5 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 2.1% of AK Steel Holding Corporation shares according to the proxy statements. Institutional Investors own 39.84% of AK Steel Holding Corporation shares.
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.