AK Steel Holding Corporation (AKS) was a big mover last session, as the company saw its shares rise by over 10% on the day. The move came on solid volume too, as more shares changed hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up more than 32% in the past one-month time frame.
The company has seen seven negative and two positive revisions in the past two months. Also, its earnings consensus has moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent rally can last.
AKS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better performing steel producers include Companhia Siderurgica Nacional (SID), Nippon Steel & Sumitomo Metal Corporation (NSSMY) and Shiloh Industries Inc. (SHLO). All these stocks hold a Zacks Rank #1 (Strong Buy).
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