NEW YORK, October 14, 2016 /PRNewswire/ --
On Thursday, US markets and benchmark indices slipped back in the red with the NASDAQ Composite ending the trading session at 5,213.33, down 0.49%; the Dow Jones Industrial Average edged 0.25% lower, to finish at 18,098.94; and the S&P 500 closed at 2,132.55, down 0.31%. Seven out of nine sectors were in bearish territories, prompting Stock-Callers.com's review of the following steel and iron equities: AK Steel Holding Corporation (NYSE: AKS), Gerdau S.A. (NYSE: GGB), Steel Dynamics Inc. (NASDAQ: STLD), and Nucor Corporation (NYSE: NUE). Learn more about these stocks by accessing their free research reports at:
AK Steel Holding
West Chester, Ohio headquartered AK Steel Holding Corp.'s stock lost 4.82%, to close the day at $4.54. The stock recorded a trading volume of 6.87 million shares. Shares of AK Steel Holding, which through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the US and internationally, have surged 11.55% in the previous one month and 60.99% in the past one year. The Company's shares are trading 10.06% above its 200-day moving average. Additionally, the stock has a Relative Strength Index (RSI) of 44.22.
On October 3rd, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Sell' to 'Hold'. Free research report on AKS is available at:
Porto Alegre, Brazil-based Gerdau S.A.'s stock finished Thursday's session flat at $2.90 with a total volume of 10.53 million shares traded. Over the last one month and the previous three months, shares of Gerdau, which produces and commercializes steel products worldwide, have surged 11.97% and 40.57%, respectively. Furthermore, the stock has rallied 77.58% in the past one year. The Company's shares are trading above its 50-day and 200-day moving averages by 4.42% and 54.82%, respectively. Gerdau's stock has an RSI of 54.74.
On October 10th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. The complimentary research report on GGB can be downloaded at:
On Thursday, shares in Fort Wayne, Indiana headquartered Steel Dynamics Inc. ended the session 2.23% lower at $23.72 with a total volume of 2.36 million shares traded. Steel Dynamics' shares have gained 2.63% in the last one month and 27.07% in the past one year. Shares of the Company, which together with its subsidiaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the US and internationally, traded at a PE ratio of 593.00. The stock is trading 4.29% above its 200-day moving average. Moreover, the stock has an RSI of 40.82. Visit us today and access our complete research report on STLD at:
On Thursday, shares in Charlotte, North Carolina-based Nucor Corp. recorded a trading volume of 3.18 million shares, which was higher than their three months average volume of 2.70 million shares. The stock ended the day 1.50% lower at $46.54. Shares of the Company, which manufactures and sells steel and steel products in the US and internationally, are trading at a PE ratio of 31.83. Nucor's shares have gained 3.41% in the last one month and 15.84% in the past one year. The Company is trading above its 200-day moving average by 0.85%. Furthermore, shares of Nucor have an RSI of 39.84. Get free access to your research report on NUE at:
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