Timken Steel Corporation (TMST) Shares Slide -11.33%

Timken Steel Corporation (TMST) : During the past 4 weeks, traders have been relatively bearish on Timken Steel Corporation (TMST), hence the stock is down -6.43% 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 -11.27% relative to the S&P 500. The 4-week change in the price of the stock is -3.28% and the stock has fallen -11.33% in the past 1 week.

The stock has recorded a 20-day Moving Average of 7.72% and the 50-Day Moving Average is 1.16%. TimkenSteel Corporation has dropped 21.35% during the last 3-month period . Year-to-Date the stock performance stands at 19.57%.


Timken Steel Corporation (NYSE:TMST): stock turned positive on Friday. Though the stock opened at $9.85, the bulls momentum made the stock top out at $10.31 level for the day. The stock recorded a low of $9.37 and closed the trading day at $10.02, in the green by 1.01%. The total traded volume for the day was 1,000,176. The stock had closed at $9.92 in the previous days trading.

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Companys portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Companys operations. Its customers are companies in the market sectors, including oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture, and power generation. The Companys steels are featured in a variety of end products, including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts, and anti-friction bearings, among others.

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