Shares of AK Steel Holding Corporation (AKS) Sees Large Inflow of Net Money Flow

AK Steel Holding Corporation (AKS) dropped by -5.32 or -0.43 points during the last session to $7.65 per share. One of the highlights of the day was the net money flow figure, which stood at $3.77 million even as the stock accepted $29.07 million in upticks but rejected $25.3 million in downticks. The up/down ratio for the last observation was a 1.15. The 1-week percentage change for the stock price is registered at -5.2%.A block transaction occurred with $7.93 million in upticks and $4.47 million in downticks while the up/down ratio was calculated to be 1.78. The stock witnessed a net inflow of $3.47 million at the end of the block trade.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

AK Steel Holding Corporation has lost 5.69% in the last five trading days and dropped 23.7% in the last 4 weeks. AK Steel Holding Corporation is up 49.81% in the last 3-month period. Year-to-Date the stock performance stands at -23.7%. AK Steel Holding Corporation (NYSE:AKS) witnessed a decline in the market cap on Wednesday as its shares dropped 3.59% or 0.29 points. After the session commenced at $8.14, the stock reached the higher end at $8.3 while it hit a low of $7.6. With the volume soaring to 30,874,561 shares, the last trade was called at $7.79. The company has a 52-week high of $11.39. The company has a market cap of $2,447 million and there are 314,160,560 shares in outstanding. The 52-week low of the share price is $1.93.

Company has reported several Insider transactions to the SEC, on Jul 29, 2016, Vicente Wright (director) sold 27,000 shares at 6.70 per share price.On Aug 3, 2015, Roger K Newport (CFO) purchased 5,000 shares at 3.12 per share price.On Aug 3, 2015, Gregory A Hoffbauer (Controller & Chief Acct. Off.) purchased 2,200 shares at 3.35 per share price.

AK Steel Holding Corporation Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.18. Analyst had a consensus of $0.07. The company had revenue of $1418.60 million for the quarter, compared to analysts expectations of $1423.56 million. The companys revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.AK Steel Holding Corporation was Downgraded by JP Morgan to Neutral on Jan 25, 2017. AK Steel Holding Corporation was Downgraded by Citigroup to Sell on Jan 19, 2017. AK Steel Holding Corporation was Downgraded by Credit Suisse to Neutral on Jan 12, 2017. AK Steel Holding Corporation was Downgraded by Macquarie to Neutral on Nov 29, 2016. AK Steel Holding Corporation was Upgraded by Morgan Stanley to Overweight on Nov 14, 2016.

AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AK Steel maintains a relentless pursuit of improvement in every critical performance measure. The result is a track record without equal.


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