Heavy Volume And Pre-Market Movement For AK Steel (AKS)

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Trade-Ideas LLC identified AK Steel ( AKS) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified AK Steel as such a stock due to the following factors:

  • AKS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $94.7 million.
  • AKS traded 4.7 million shares today in the pre-market hours as of 8:35 AM, representing 45.4% of its average daily volume.

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More details on AKS:

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. Currently there are 2 analysts that rate AK Steel a buy, 1 analyst rates it a sell, and 8 rate it a hold.

The average volume for AK Steel has been 7.2 million shares per day over the past 30 days. AK has a market cap of $1.3 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 2.05 and a short float of 28% with 3.28 days to cover. Shares are up 13.9% year-to-date as of the close of trading on Tuesday.

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