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AK Steel Holding (AKS) Surges: Stock Moves 15.4% Higher - Tale of the Tape

Posted
12/20/2013 9:18:00 AM
By: Zacks.com
Referenced Stocks:AHKSY;AKS;ANDE;X

AK Steel Holding Corporation ( AKS ) was a big mover last session, as the company saw its shares rise by over 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up roughly 41% in the past one-month time frame.

This steel producer has seen two positive revisions over the last 30 days while its Zacks Consensus Estimate remained static over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AK Steel Holding currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better-ranked stocks in the basic materials sector include Asahi Kasei Corp. ( AHKSY ), The Andersons, Inc. ( ANDE ) and United States Steel Corp. ( X ). While Asahi Kasei and The Andersons hold a Zacks Rank #1 (Strong Buy), United States Steel carry a Zacks Rank #2 (Buy).

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