The price of AK Steel Holding Corporation (NYSE:AKS) over the past year has decreased -52.32% while the S&P 500 has increased 18.74%. During the past 20 days, AKS has increased 18.35% while the broad market has increased 1.77%. AKS ‘s 20-day moving average currently sits above its 100-day moving average. This is a bullish signal that suggests the stock price might continue to rise. AKS’s average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of AKS’s future price movements.
Recent trading patterns in the stock of AK Steel Holding Corporation (AKS) have investors on high alert. Analysts often look at historical trading patterns to predict a stock’s future performance. In the case of AKS, the data might be telling investors a thing or two about where the stock is headed. In the most recent quarter, institutional ownership decreased by a net of 24.24 million shares, or 11.62%.This is a bearish sign and indicates that institutions are feeling more pessimistic about the outlook for AKS overall.120 holders increased their positions, 134 decreased their positions, and 43 holders held their positions.
Among institutions that increased their positions, 36 were new positions. Among holders that decreased their positions, 40 sold out of the stock AK Steel Holding Corporation. Insider ownership during the latest quarter increased by a net of 45900 shares, indicating that AKS’s key executives are feeling more bullish about the stock than they did three months ago. 10 or 90.91% of the trades during the past quarter were buys, and 1 or 9.09% were sells. This activity represents a continuation of a theme over the past twelve months. Insider ownership during the last year has increased by a net of 286026 shares. 58.06% of insider trades in the last 12 months were buys, and 41.94% were sells.
AK Steel Holding Corporation (NYSE:AKS) has a 20-day RSI of 51.83%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. AKS’s 9-day MACD currently sits below the 20-day MACD, indicating that AKS’s upside momentum has decreased during the last three weeks. This suggests that the trend might soon reverse. AKS’s average trading volatility during the past few weeks is -30.69% lower than the average volatility over the past 100 days. This means that the stock’s daily price swings have been less extreme in recent times compared to the past.
Analysts expect AK Steel Holding Corporation (AKS) to generate earnings per share of $0.25 in 2017. This works out to a decrease of -55.36% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for AKS on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.62 or a Hold. Three months ago, analysts assigned AKS a 3.91 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.