AK Steel Holding Corporation (AKS) was a big mover last session, as its shares rose almost 19% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down over 13% in the past one-month time frame.
In the last 60-day frame, the company has seen 8 positive revisions and its Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.
AK Steel currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other steel producers worth considering include ArcelorMittal (MT), Companhia Siderurgica Nacional (SID) and United States Steel Corp. (X). All three companies carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
AK STL HLDG CORP (AKS): Free Stock Analysis Report
ARCELORMITTAL SA LUXEMBOURG (MT): Free Stock Analysis Report
COMPANHIA SIDERURGICA NACION (SID): Free Stock Analysis Report
(X): Free Stock Analysis Report
Zacks Investment Research
- Finance Trading
- Personal Investing Ideas & Strategies