NEW YORK, August 23, 2017 /PRNewswire/ --
If you want a Stock Review on X, STLD, AKS, or GGB then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. This morning's attention is set onto the Steel and Iron industry, which is a basis for the development of a number of industries in the global economy: the defense industry, transportation and heavy engineering, and energy and construction, including aeronautical and shipping construction. For today, DailyStockTracker.com observes these four companies: United States Steel Corp. (NYSE: X), Steel Dynamics Inc. (NASDAQ: STLD), AK Steel Holding Corp. (NYSE: AKS), and Gerdau S.A. (NYSE: GGB). Daily Stock Tracker published free research reports on these stocks today at:
United States Steel
Pittsburgh, Pennsylvania headquartered United States Steel Corp.'s shares gained 3.99%, closing Tuesday's trading session at $24.25. The stock recorded a trading volume of 14.34 million shares. The Company's shares have advanced 1.89% in the last month and 18.99% over the previous three months. The stock is trading 6.11% above its 50-day moving average. Additionally, shares of the Company, which produces and sells flat-rolled and tubular steel products primarily in North America and Europe, have a Relative Strength Index (RSI) of 54.81.
On July 28th, 2017, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'.
On August 01st, 2017, United States Steel announced the pricing of its $750,000,000 aggregate principal amount of 6.875% Senior Notes due 2025. The notes were issued at a price equal to 100% of their face value. They will pay interest semi-annually in arrears on February 15th and August 15th of each year beginning on February 15th, 2018, and will mature on August 15th, 2025, unless earlier redeemed or repurchased. See our free and comprehensive research report on X at:
On Tuesday, shares in Fort Wayne, Indiana headquartered Steel Dynamics Inc. recorded a trading volume of 5.43 million shares, which was above their three months average volume of 3.07 million shares. The stock rose 0.65%, ending the day at $33.95. The Company's shares are trading below their 200-day moving average by 3.71%. Furthermore, shares of Steel Dynamics, which together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the US and internationally, have an RSI of 41.65. STLD free research report is just a click away at:
West Chester, Ohio headquartered AK Steel Holding Corp.'s stock finished the day 0.58% higher at $5.23 with a total trading volume of 13.81 million shares. The stock is trading below their 50-day moving average by 12.97%. Shares of the Company, which through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the US and internationally, have an RSI of 38.77.
On August 03rd, 2017, research firm Barclays reiterated its 'Equal Weight' rating on the Company's stock with a decrease of the target price from $8 a share to $7 a share.
On August 16th, 2017, AK Steel Holding said that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $30 per ton, effective immediately with new orders. Sign up for your complimentary report on AKS at:
Shares in Porto Alegre, Brazil-based Gerdau S.A. ended yesterday's session 2.03% higher at $3.51. The stock recorded a trading volume of 5.47 million shares. The Company's shares have advanced 2.33% in the last one month, 18.18% over the previous three months, and 11.78% since the start of this year. The stock is trading 8.50% and 1.07% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Gerdau, which provides steel-related products and services worldwide, have an RSI of 56.65. Register for free on DailyStockTracker.com and download the latest research report on GGB at:
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