AKS - Today's Research Reports on Trending Tickers: Alcoa and AK Steel
NEW YORK, NY / ACCESSWIRE / April 24, 2018 / U.S. markets continued to slump on Monday as technology stocks fell, with Facebook, Amazon, Netflix and Alphabet all closing in the red, and interest rates continued to rise. The yield on the 10-year Treasury note touched a high of 2.99 percent. The Dow Jones Industrial Average declined 0.06 percent to close at 24,448.69, while the S&P 500 Index hit a low of 2,657.99, before settling to close at 2.670.29, an increase of 0.01 percent. The tech-heavy Nasdaq Composite Index fell 0.25 percent to close at 7,128.60.
"Any time there are inflation concerns, that's going to spook the market," said Mark Esposito, CEO of Esposito Securities, according to CNBC. "If the 10-year goes over 3 percent, that could be a catalyst for the market" to continue to slide.
RDI Initiates Coverage on:
Alcoa Corporation
https://rdinvesting.com/news/?ticker=AA
AK Steel Holding Corporation
https://rdinvesting.com/news/?ticker=AKS
Alcoa's stock moved 13.51 percent lower Monday, to close the day at $51.90. The stock recorded a trading volume of 13,132,495 shares, which was above its three months average volume of 4,149,400 shares. In the last year, Alcoa's shares have traded in a range of 29.55 - 62.35. The stock is currently trading 75.63% above its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $49.37 is greater than its 200-day moving average of $48.19. Shares of the company are trading at a Price to Earnings ratio of 44.74. Shares of Alcoa have gained roughly 16.08 percent in the past month and are down 3.66 percent year-to-date.
Access RDI's Alcoa Corporation Research Report at:
https://rdinvesting.com/news/?ticker=AA
On Monday, shares of AK Steel recorded a trading volume of 7,848,858 shares, which was below the three months average volume of 19,255,904 shares. The stock ended the day 1.47% lower at $4.68. The stock is currently trading 37.93% below its 52 week high with a 52 week trading range of 4.00 - 7.54. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $4.77 is lower than its 200-day moving average of $5.25. Shares of the company are trading at a Price to Earnings ratio of 234.00. Shares of AK Steel have gained roughly 6.36 percent in the past month and are down 17.31 percent year-to-date.
Access RDI's AK Steel Holding Corporation Research Report at:
https://rdinvesting.com/news/?ticker=AKS
Our Actionable Research on Alcoa Corporation (NYSE :AA) and AK Steel Holding Corporation (NYSE :AKS) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com