AK STEEL HOLDING CORPORATION NEW YORK, NY / ACCESSWIRE / April 12, 2017 / The recent geopolitical worries has resulted in investors flocking to safe-haven assets. On Tuesday, the Dow Jones Industrial Average declined 0.03% to close at 20,651.30, while the S&P 500 Index fell 0.14% to close at 2,353.78.
"Equities have been ignoring geopolitical concerns over the past week, but now things are heating up and investors are preparing for some volatility," said Ryan Detrick, senior market strategist at LPL Financial.
RDI Initiates Coverage on:
AK Steel Holding Corporation
https://ub.rdinvesting.com/news/?ticker=AKS
United States Steel Corporation
https://ub.rdinvesting.com/news/?ticker=X
AK Steel rallied 0.99% to close at $7.11 a share on Tuesday. The stock traded between $6.80 and $7.16 on a volume of 20.5 million shares traded. Shares of the company fell sharply on Monday after Mitsui reported that it had no interest in acquiring AK Steel. AK Steel shares spiked 6% last week amidst the recent takeover speculation. The company is scheduled to report results for the first quarter of 2017 before market open on Tuesday, April 25th. Shares of AK Steel have fallen approximately 30.36 percent year-to-date.
Access RDI's AK Steel Holding Research Report at:
https://ub.rdinvesting.com/news/?ticker=AKS
United States Steel rallied 2.84% to close at $34.72 a share on Tuesday. The stock traded between $33.32 and $34.93 on a volume of 17.27 million shares traded. The company is scheduled to release results for the first quarter of 2017 after market close on Tuesday, April 25th. United States Steel received multiple ratings upgrades following the release of their fourth quarter 2016 earnings. The company reported a net loss of $440 million, or $2.81 per diluted share, for the full year 2016. Shares of United States Steel have gained approximately 5.18 percent year-to-date.
Access
https://ub.rdinvesting.com/news/?ticker=X
Our Actionable Research on AK Steel Holding Corporation (NYSE: AKS) and United States Steel Corporation (NYSE: X) can be downloaded free of charge at Research Driven Investing.
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