Stock Alert: AK Steel Holding Corp (NYSE:AKS)

Stock Alert: AK Steel Holding Corp (NYSE:AKS)

Several research firms recently issued reports on X. Trading volume for United States Steel Corporation was 11,893K in the last trading session. Rosenblatt Securities reiterated a neutral rating and set a $35.00 price objective on shares of United States Steel Corporation in a report on Monday, February 27th. Axiom Securities reissued a "sell" rating and issued a $14.00 price target on shares of United States Steel Corporation in a report on Wednesday, June 14th. SELL rating has been given by 1 analyst (s) and 3 analyst (s) given BUY rating to the stock. They noted that the move was a valuation call. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.17 average brokerage recommendation. $6.88's average target is 14.67% above currents $6 stock price.

United States Steel Corporation (NYSE:X) opened at 21.86 on Tuesday. Year to Date (YTD) performance of AK Steel Holding Corporation (AKS) is -39.57 percent while its Performance (Week) is -3.29 percent and Performance (month) is at -1.12 percent.

Shares last traded at $23.11 just above the 50 day moving average which is $20.78 and slightly below the 200 day moving average of $30.22.

Shares of United States Steel Corporation (NYSE X) traded up 2.42% during trading on Tuesday, hitting $22.85.

As of the last earnings report the EPS was $-1.71 and is projected to be $1.04 for the current year with 174,659,000 shares presently outstanding. The high and low revenue estimates for the current quarter are $1.61 Billion and $1.5 Billion, respectively. During the same quarter in the previous year, the firm posted ($2.15) earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter a year ago. Teachers Advisors LLC increased its stake in AK Steel Holding Corporation by 63.5% in the first quarter. If you are accessing this story on another domain, it was illegally stolen and republished in violation of global trademark & copyright legislation. The correct version of this story can be viewed at

In related news, Director David Sutherland acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $19.96 per share, for a total transaction of $199,600.00. Following the completion of the acquisition, the director now directly owns 21,872 shares in the company, valued at $436,127.68. Float is the number of shares available for trading of a particular stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock. As of quarter end Weaver C. Barksdale & Associates, Inc. had acquired a total of 1,313 shares growing its holdings by 91.4%. Vanguard Group Inc. boosted its position in shares of United States Steel Corporation by 10.1% in the first quarter. The company has market cap of $3.72 billion. FMR LLC bought a new position in shares of AK Steel Holding Corporation during the fourth quarter worth approximately $49,391,000. BlackRock Inc. now owns 14,279,755 shares of the basic materials company's stock valued at $482,799,000 after buying an additional 14,161,952 shares during the period. BlackRock Inc. now owns 39,293,178 shares of the basic materials company's stock worth $282,518,000 after buying an additional 39,217,839 shares during the last quarter.

US based company, United States Steel Corporation (X)'s latest closing price distance was at -20.69% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 5.97% and 3.33% compared with the 20 Day Moving Average.

The stock volatility for week was 4.54% while for month was 4.50%.The stock, as of last close, traded 41.92% to its 52 week low and was changed -46.67% from its 52 week high. Teachers Advisors LLC now owns 1,817,328 shares of the basic materials company's stock valued at $61,444,000 after buying an additional 143,268 shares during the period. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also facilitate in determining where it may be possibly heading. Credit Suisse downgraded AK Steel Holding Corporation (NYSE:AKS) rating on Thursday, January 12.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation. The Firm operates through three divisions: Flat-Rolled Products, U.