AK Steel Holding Corporation (AKS) Shares are Down -7.16%

AK Steel Holding Corporation (AKS) : During the past 4 weeks, traders have been relatively bearish on AK Steel Holding Corporation (AKS), hence the stock is down -15.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.13% relative to the S&P 500. The 4-week change in the price of the stock is -15.25% and the stock has fallen -7.16% in the past 1 week.

AK Steel Holding Corporation is up 34.97% in the last 3-month period. Year-to-Date the stock performance stands at 108.48%. The stock has recorded a 20-day Moving Average of 19.47% and the 50-Day Moving Average is 11.54%.


AK Steel Holding Corporation (NYSE:AKS): The stock opened at $4.97 on Friday but the bulls could not build on the opening and the stock topped out at $4.97 for the day. The stock traded down to $4.65 during the day, due to lack of any buying support eventually closed down at $4.67 with a loss of -9.67% for the day. The stock had closed at $5.17 on the previous day. The total traded volume was 22,266,345 shares.

Also, Equity Analysts at the Brokerage Firm, KeyBanc, downgrades their rating on the shares of AK Steel Holding Corporation (NYSE:AKS). KeyBanc has a Underweight rating on the shares. Previously, the analysts had a Sector Weight rating on the shares. The rating by the firm was issued on August 19, 2016.

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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