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Today's Research Reports on Trending Tickers: AK Steel and United States Steel
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Accesswire 26-Jun-2017 8:00 AM
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NEW YORK, NY / ACCESSWIRE / June 26, 2017 / U.S. markets were lifted by positive performances by energy and technology stocks Friday, closing the week in the green. The Dow Jones Industrial Average declined 0.01 percent to close at 21,394.76, up 0.05 percent for the week, while the S&P 500 Index gained 0.16 percent to close at 2,438.30, up 0.2 percent for the week. The NASDAQ Composite Index rose 0.46 percent to close at 6,265.25. Despite ongoing concerns of a surplus in supplies, oil prices showed some signs of stabilization after the recent drop. On Friday, U.S. oil futures rose 0.6 percent to settle at $43.01 a barrel.
RDI Initiates Coverage on:
AK Steel Holding Corp. https://ub.rdinvesting.com/news/?ticker=AKS
United States Steel Corp. https://ub.rdinvesting.com/news/?ticker=X
AK Steel's stock jumped 5.56% Friday, to close the day at $6.65. The stock recorded a trading volume of 24,633,774 shares, which was above its three months average volume of 19,022,500 shares. In the last year AK Steel's shares have traded in a range of 3.87 - 11.39. The share price has gained 71.83% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $5.95 is below its 200-day moving average of $7.89. Shares of AK Steel Holding Corporation are trading at a Price to Earnings ratio of 25.78. The company is scheduled to release results for the second quarter of 2017 before market open on Tuesday, July 25th. Shares of AK Steel have fallen approximately 34.87 percent year-to-date.
Access RDI's AK Steel Research Report at: https://ub.rdinvesting.com/news/?ticker=AKS
On Friday, shares in United States Steel recorded a trading volume of 23,817,291 shares, which was above the three months average volume of 21,996,600 shares. The stock ended the day 5.60% higher at 22.25. The share price has gained 50.34% from its 52 week low with a 52 week trading range of 14.80 - 41.83.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $20.67 is below its 200-day moving average of $30.88. The company reported a net loss of $180 million, or $1.03 per diluted share, for the first quarter of 2017, compared to a net loss of $340 million, or $2.32 per diluted share, in the same quarter a year ago. Shares of United States Steel have fallen approximately 32.6 percent year-to-date.
Access RDI's United States Steel Research Report at: https://ub.rdinvesting.com/news/?ticker=X
Our Actionable Research on AK Steel Holding Corp. (NYSE: AKS) and United States Steel Corp. (NYSE: X) can be downloaded free of charge at Research Driven Investing.
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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
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SOURCE: RDInvesting.com