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

AK Steel Holding Corporation (NYSE:AKS) : The total money flow in AK Steel Holding Corporation (NYSE:AKS) was negative ($8.46 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $16.18 million. Transactions on upticks were comparatively lower at $7.72 million. The uptick to downtick ratio was 0.48. The total block trades done on upticks were valued at $4.92 million. The total block trades on downticks were valued at $12.71 million. The uptick to the downtick ratio of block trades was 0.39. The money flow during block trades was negative ($7.8 million) when the stock traded with a gain of $17 cent. AK Steel Holding Corporation (NYSE:AKS) was $4.41, an increase of 4.01% over the previous days close.


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. Currently the company Insiders own 2.1% of AK Steel Holding Corporation shares according to the proxy statements. Institutional Investors own 39.69% of AK Steel Holding Corporation shares.

The company shares have rallied 11.29% 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 $4.28 and the 200 Day Moving Average price is recorded at $3.49. AK Steel Holding Corporation (NYSE:AKS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.37 and $4.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.41, notching a gain of 4.01% for the day. The total traded volume was 11,704,309 . The stock had closed at $4.24 on the previous day.

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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