AKS - Today's Research Reports on Trending Tickers: AK Steel Holding and United States Steel
NEW YORK, NY / ACCESSWIRE / January 31, 2018 / U.S. markets fell sharply Tuesday for the second consecutive day. Both the Dow Jones and S&P 500 experienced their largest one day drop of 2018. The Dow Jones Industrial Average dropped 1.37 percent to close at 26,076.89, while the S&P 500 Index fell 1.09 percent to close at 2,822.43. The Nasdaq Composite Index declined 0.86 percent to close at 7,402.48. Investors appear to be awaiting details from the State of the Union address by President Donald Trump on Tuesday night.
"We've had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable," said Art Hogan, chief market strategist at B. Riley FBR. "You're also seeing some cracks in the global story with interest rates rising."
RDI Initiates Coverage on:
AK Steel Holding Corporation
https://rdinvesting.com/news/?ticker=AKS
United States Steel Corporation
https://rdinvesting.com/news/?ticker=X
AK Steel Holding's stock fell 13.00% Tuesday, to close the day at $5.49. The stock recorded a trading volume of 55,721,205 shares, which was above its three months average volume of 18,115,504 shares. The company reported a loss of 6 cents per share, beating the street’s estimate of a loss of 14 cents per share. In the last year, AK Steel Holding's shares have traded in a range of 4.00 - 9.19. The share price has gained 37.25% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $6.03 is greater than its 200-day moving average of $5.55. Shares of the company are trading at a trailing Price to Earnings ratio of 30.33. Shares of AK Steel Holding have fallen roughly 3 percent in the past month.
Access RDI’s AK Steel Holding Corporation Research Report at:
https://rdinvesting.com/news/?ticker=AKS
On Tuesday, shares of United States Steel recorded a trading volume of 15,944,872 shares, which was above the three months average volume of 10,491,937 shares. The stock ended the day 6.17% lower at 38.61. The share price has gained 108.14% from its 52 week low with a 52 week trading range of 18.55 - 41.83. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $37.00 is greater than its 200-day moving average of $28.76. Shares of United States Steel are trading at a trailing Price to Earnings ratio of 55.16. Shares of United States Steel have gained roughly 9.72 percent in the past month.
Access RDI’s United States Steel Corporation Research Report at:
https://rdinvesting.com/news/?ticker=X
Our Actionable Research on AK Steel Holding Corporation (NYSE:AKS) and United States Steel Corporation (NYSE:X) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com