AK Steel Holding Corporation (AKS - Free Report) was a big mover last session, as the company saw its shares rise over 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $5.95 –$6.78 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported solid second-quarter 2017 results.
The company has seen three negative estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also 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 move higher can last.
AK Steel Holding currently has a Zacks Rank #3 (Hold) while its Earnings ESPis negative
AK Steel Holding Corporation Price and Consensus
Investors interested in the Steel - Producersindustry may consider Ternium S.A.(TX - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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