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 ($5.79 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $16.11 million. In comparison, the inflow of money into the stock on upticks was $10.32 million. The uptick to downtick ratio was 0.64. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.09 million. The value of transactions on uptick was $1.27 million. The negative money flow of ($3.81 million) confirms the selling in AK Steel Holding Corporation (AKS) on strength. The uptick to downtick ratio of block trades was 0.25. AK Steel Holding Corporation (AKS) gained $0.49 at $5.43, a gain of 9.92% over the previous days close. However, the stock registered 12.42% in the week.


The company Insiders own 2.1% of AK Steel Holding Corporation shares according to the proxy statements. Institutional Investors own 39.72% of AK Steel Holding Corporation shares. 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.

Shares of AK Steel Holding Corporation rose by 18.56% in the last five trading days and 9.48% for the last 4 weeks. AK Steel Holding Corporation is up 21.21% in the last 3-month period. Year-to-Date the stock performance stands at 142.41%.

AK Steel Holding Corporation (NYSE:AKS): stock turned positive on Tuesday. Though the stock opened at $5.12, the bulls momentum made the stock top out at $5.495 level for the day. The stock recorded a low of $5.07 and closed the trading day at $5.43, in the green by 9.92%. The total traded volume for the day was 15,465,487. The stock had closed at $4.94 in the previous days trading.

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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