AKS - Today's Research Reports on Trending Tickers: Arconic and AK Steel Holding
NEW YORK, NY / ACCESSWIRE / May 1, 2018 / U.S. markets ended April on a down note as another batch of corporate failed to boost investor optimism. The Dow Jones Industrial Average declined 0.61 percent to close at 24,163.15, while the S&P 500 fell 0.82 percent to close at 2,648.05. The Nasdaq Composite Index dropped 0.75 percent to close at 7,066.27. On Monday, all 11 sectors in the S&P 500 Index closed lower, while 25 of the 30 Dow components closed in the red.
"There's some caution about what the summer might bring, especially since stocks are up some 40% over the past year and a half," said Phil Orlando, chief equity market strategist at Federated Investors, according to MarketWatch.
"There's no shortage of things that can make you nervous, including North Korea, Iran, the Mueller investigation, the midterms, upcoming Fed meetings and so forth. We think the market will continue to move higher, but there's a lot of caution that is obscuring the good news in earnings."
RDI Initiates Coverage on:
Arconic Inc.
https://rdinvesting.com/news/?ticker=ARNC
AK Steel Holding Corporation
https://rdinvesting.com/news/?ticker=AKS
Arconic's stock moved 20.63% lower Monday, to close the day at $17.81. The stock recorded a trading volume of 27,054,460 shares, which was above its three months average volume of 4,385,190 shares. In the last year, Arconic's shares have traded in a range of 17.60 - 31.17. The share price has gained 1.19% 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 $23.06 is below its 200-day moving average of $25.35. Shares of Arconic have fallen roughly 22.7 percent in the past month and are down 34.64 percent year-to-date.
Access RDI's Arconic Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ARNC
On Monday, shares of AK Steel Holding recorded a trading volume of 29,252,472 shares, which was above the three months average volume of 18,477,440 shares. The stock ended the day 3.37% lower at $4.59. The share price has fallen 34.8% from its 52 week high with a 52 week trading range of 4.00 - 7.04. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $4.66 is below its 200-day moving average of $5.22. Shares of the company are trading at a Price to Earnings ratio of 229.50. Shares of AK Steel Holding have gained roughly 1.32 percent in the past month and are down 18.9 percent year-to-date.
Access RDI's AK Steel Holding Corporation Research Report at:
https://rdinvesting.com/news/?ticker=AKS
Our Actionable Research on Arconic Inc. (NYSE :ARNC) and AK Steel Holding Corporation (NYSE :AKS) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com