AK Steel Holding Corporation (AKS) was a big mover last session, as the company saw its shares rise by 9.20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.07 to $6.96 in the past one-month time frame.
The company has seen one positive estimate revision over the last seven days and its Zacks Consensus Estimate has also improved over the same time frame, suggesting that more solid trading could be ahead for AK Steel. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
AK Steel Holding Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked steel producers include Universal Stainless & Alloy Products Inc. (USAP), Grupo Simec S.A.B. de C.V. (SIM) and ThyssenKrupp AG (TYEKF). While Universal Stainless & Alloy Products Inc. (USAP) sports a Zacks Rank #1 (Strong Buy), Grupo Simec S.A.B. de C.V. (SIM) and ThyssenKrupp AG (TYEKF) carry a Zacks Rank #2 (Buy).
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