Market Updates

Trending Stocks Update: AK Steel Holding Corporation (NYSE:AKS), United States Steel Corporation (NYSE:X)

AK Steel Holding Corporation (NYSE:AKS) shares went up 8.41% or +0.52 points to reach at $6.70 during the course of session. The stock traded in the range of $6.39 – $7.09 during its most recent trading session. The stock has total market worth of $1.82B and it has total of 238.21M outstanding shares. Relative strength index (RSI-14) for AK Steel Holding Corporation (NYSE:AKS) is at 74.41.

Historically the stock has climbed 24.07% in the past week and soared 64.62% in the last four weeks, the stock illustrate that its three months performance stands at 35.08% while its year to date performance is at 199.11%. Stock’s price oscillated from $1.64 to $7.09 during past twelve months. The stock is now trading at a distance of 30.34% from SMA-20. The stock is presently trading 43.06% above from its SMA-50. In the current trading session, the stock’s price moved 94.45% above from its SMA-200. If we take a look on its volatility, 8.08 percent was seen in a week and for the month it was 6.53 percent. Stock’s beta value stands at 2.52 and its ATR value is at 0.39.

AK Steel Holding Corporation (NYSE:AKS) on July 26, 2016 reported its financial results for the second quarter of 2016.

AK Steel reported net income of $17.3 million, or $0.08 per diluted share of common stock, for the second quarter of 2016, compared to a net loss of $64.0 million, or $0.36 per diluted share, for the second quarter of 2015. The company’s adjusted EBITDA of $99.3 million, or 6.7% of net sales, for the second quarter of 2016 more than doubled from adjusted EBITDA of $47.6 million, or 2.8% of net sales, for the year ago second quarter.

Net sales of $1.49 billion for the second quarter of 2016 decreased from $1.69 billion in the second quarter of 2015, primarily as a result of lower automotive contract pricing compared to a year ago as well as a decrease in shipments. In the recent second quarter, shipments of 1,555,500 tons represented a decline of 14% compared to 1,811,700 tons from the second quarter a year ago. The company’s decision to reduce exposure to the commodity carbon steel spot market resulted in a 320,000 ton decline in shipments to the distributors and converters markets, or a 48% reduction from a year ago. Shipments of higher value coated products, which are sold mostly to the automotive market, increased to 53% of the company’s total shipments in the current second quarter from 45% a year ago.

United States Steel Corporation (NYSE:X) shares rose 11.07% or +2.54 points in order to take the company’s stock at the price of $25.49. Stock’s price oscillated between $24.74 and $26.28 for intra-day trading. Relative strength index (RSI-14) for United States Steel Corporation (NYSE:X) is at 79.88. It has total market capitalization of $4.02B.

Historically the stock has climbed 25.07% in the past week and soared 68.25% in the last four weeks, the stock illustrate that its three months performance stands at 38.00% while its year to date performance is at 222.35%. The stock hit the peak level of one year at $26.28 and touched the minimum level of $6.15. The stock is now trading at a distance of 29.46% from SMA-20. The stock is presently trading 47.36% above from its SMA-50. In the current trading session, the stock’s price moved 97.70% above from its SMA-200. The company has a Return on Assets of -18.80%. The company currently has a Return on Equity of -69.20% and a Return on Investment of -25.50%.

United States Steel Corporation (NYSE:X) announced on July 26, 2016 that its Board of Directors declared a dividend of five cents per share on U. S. Steel Common Stock.  The dividend is payable September 10, 2016, to stockholders of record at the close of business August 10, 2016.

United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 200 company with major operations in the United States and Central Europe.

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