AK Steel Holding Corporation (NYSE:AKS) recovered 38.55% of its value since hitting low of $1.66. The recent move of 5.99% gain helped the stock to close at $2.3 when trading ended on 7/16/2019. At a recent session, the prices were hovering between $2.1601 and $2.36. This company shares are -14.78% up from its target price of $1.96 and the current market capitalization stands at $741.84M. The recent change has given its price a 5.39% lead over SMA 50 and -57.41% deficit over its 52-week high. The stock witnessed 11.65% gains, -6.12% declines and -16.06% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AKS’s volatility during a week at 5.61% and during a month it has been found around 5.95%.
What Does AK Steel Holding Corporation (AKS) Do?
The company describes itself in regulatory filings as, “AK Steel Holding Corp. engages in the production of flat-rolled carbon; stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, distributors and converters markets. The firm operates steelmaking and finishing, coke, and tube manufacturing plants. The company was founded in 1993 and is headquartered in West Chester, OH.” [Text can be found here: https://www.marketwatch.com/investing/stock/AKS/profile under company description.]AK Steel Holding Corporation (NYSE:AKS) Insider Trades
Multiple company employees have indulged in significant insider trading. AK Steel Holding Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Newport Roger K has acquired 10,000 shares of AK Steel Holding Corporation (AKS) in the trading session dated Nov. 27, 2018. These shares are worth $30,300 and were traded at $3.03 each. The SEC filing shows that Newport Roger K performed a purchase of 10,000 shares. The CEO added these shares by way of transaction on Aug. 15, 2018. The company’s shares were assimilated at $4.03 per share worth to an investment of some $40,300 to the account of Newport Roger K.
VP Gen Counsel & Corp Sec, Alter Joseph C, purchased 2,500 common shares of AK Steel Holding Corporation (AKS) in the open market. In a transaction dated Aug. 15, 2018, the shares were bought at an average price of $4.1, giving away a sum of $10,250. After this purchase, 67,100 common shares of AKS are directly owned by the insider, with total stake valued at $154,330.
In the transaction dated May. 31, 2018, a great number of shares sold came courtesy the Director; GERBER WILLIAM K disposed a total of 12,000 shares at an average price of $4.65, amounting to approximately $55,800. The insider now directly owns 144,095 shares worth $331,418.AK Steel Holding Corporation (AKS) Analyst Guide
Several analysts have released their opinion on AK Steel Holding Corporation (NYSE:AKS), with 0 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 1 buy, 2 sell and 1 strong sell ratings, collectively assigning a 3.23 average brokerage recommendation [T1].