AK Steel Holding Corporation (AKS) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 13% since Sep 11, 2014.
The company has seen 5 negative estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
AK Steel currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked steel producers include Grupo Simec S.A.B. de C.V. (SIM), TimkenSteel Corporation (TMST) and United States Steel Corp. (X). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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