Early Morning Insight: AK Steel Holding Corp., Cia Siderurgica Nacional S.A.,
Steel Dynamics Inc., and Commercial Metals Co.
Editor Note: For more information about this release, please scroll to bottom
LONDON, October 8, 2013
LONDON, October 8, 2013 /PRNewswire/ --
On Monday, October 7, 2013, the S&P 500 ended the day at 1,676.12, down 0.85%;
the Dow Jones Industrial Average closed at 14,936.24, down 0.90%; and the
NASDAQ Composite finished at 3,770.38, down 0.98%. Shares in the steel and
iron industry mostly ended on a lower note as the broader market posted
losses. The major movers in the sector include AK Steel Holding Corporation
(NYSE: AKS), Cia Siderurgica Nacional S.A. (NYSE: SID), Steel Dynamics Inc.
(NASDAQ: STLD), and Commercial Metals Company (NYSE: CMC). Download free
technical analysis and charting reports on AKS, SID, STLD, and CMC now at:
Shares in AK Steel Holding Corp. fluctuated between gains and losses on
Monday, before finishing the day flat at the previous day's close of $4.02. A
total of 2.50 million shares were traded, which is below its daily average
volume of 4.98 million. The company's shares are currently trading at 31.86%
lower than the 52-week high of $5.90 and at 45.65% higher than the 52-week low
of $2.76. The company's shares have surged 33.55% in the previous three
months, outperforming the S&P 500 which has advanced 2.71% during the same
period. Further, AK Steel Holding Corp.'s stock is currently trading above
its 50-day and 200-day moving averages of $3.68 and $3.66, respectively.
Download free research on AKS today by registering at:
Cia Siderurgica Nacional S.A.'s stock rose on Monday, even as the broader
market edged lower. The company's shares fluctuated between $4.45 and $4.60
before finishing the day at $4.57, which is 1.56% higher from the previous
day's close of $4.50. A total of 9.63 million shares were traded which is
above the daily average volume of 7.02 million. Shares in Cia Siderurgica
Nacional S.A. have gained 5.30% in the previous three trading sessions. In the
last three months, the stock has surged 85.02%, outperforming the S&P 500,
which has gained 2.71% during the same period. Additionally, Cia Siderurgica
Nacional S.A.'s shares are currently trading above their 50-day and 200-day
moving averages of $3.76 and $4.16, respectively. Sign up and have access to
our free report on SID at:
On Monday, Steel Dynamics Inc.'s stock edged lower. The company's shares
traded between $16.55 and $16.83 before finishing the day at $16.62, which is
1.36% lower than the previous day's close of $16.85. A total of 1.27 million
shares were traded, which is below the daily average volume of 1.96 million.
Steel Dynamics Inc.'s shares are currently trading at 5.41% lower than the
52-week high of $17.57 and at 41.93% higher than the 52-week low of $11.71.
The company's shares have lost 2.18% in the previous three trading sessions.
In the last three months, the company's stock has gained 9.85%, outperforming
the S&P 500, which has gained 2.71% during the same period. Moreover, Steel
Dynamics Inc.'s shares are currently trading above their 50-day and 200-day
moving averages of $16.13 and 15.34, respectively. Sign up and read the
complimentary report on STLD at:
Shares in Commercial Metals Co. edged lower on Monday, before finishing the
day at $16.44, which is 0.30% lower than the previous close of $16.49. A total
of 0.95 million shares were traded which is above the daily average volume of
0.80 million. The company's shares are currently trading at 5.90% lower than
the 52-week high of $17.47 and at 27.34% higher than the 52-week low of
$12.91. The company's stock has gained 5.86% in the last one month,
outperforming the S&P 500 which has gained 1.27% during the same period.
Furthermore, Commercial Metals Co.'s stock is currently trading above its
50-day and 200-day moving averages of $15.99 and $15.55, respectively. The
free report on CMC can be downloaded by signing up now at:
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