NEW YORK (AVAFIN) -- In an effort to determine if stock trades will be profitable, investors often assess block trades data used by both large and
small institutions. By the end of the market session, financial institutions exchanged 220 block trades.
Further analysis into yesterdays's trading activity reveal that 5,422,319 shares were bought and 2,547,147
shares were sold, yielding a 2.13 bought/sold ratio.
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A deeper look into options trading also reveals that traders hedged their positions with options
where 10,006 put and 13,191 call contracts exchanged hands leading to a 0.76
AK Steel operates seven U.S. steelmaking facilities producing flat-rolled carbon, electrical, and stainless steel as well as tubular products primarily for the automotive, construction, appliance, and machinery sectors. AK is largely domestic focused but exports a sizable portion of its stainless and electrical steel. The company's strategy is to maintain its position as a leading provider of high value-added products with a strong presence as a supplier to the U.S. automotive market while seeking strategic ways to control its input costs.
The last trading session witnessed a low of $3.56 and high of $3.84 during the day. Shares of AK Steel Holding Corporation
slipped $0.39 (9.70%) to $3.63. The current trading volume of 51M is greater
than average volume of 7M shares. The stock's 52 week low is $4.44 and 52 week high is $10.33. Within the last quarter, the shares have lost -26.78% of their value.
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