Early Morning Insight: AK Steel Holding Corp., Cia Siderurgica Nacional S.A., Steel Dynamics Inc., and Commercial Metals Co.
by PR Newswire
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: http://www.aaaresearchreports.com/register/ 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: http://www.AAAResearchReports.com/AKS100813.pdf 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: http://www.AAAResearchReports.com/SID100813.pdf 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: http://www.AAAResearchReports.com/STLD100813.pdf 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: http://www.AAAResearchReports.com/CMC100813.pdf ---- EDITOR NOTES: This is not company news. We are an independent source and our views do not reflect the companies mentioned. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh , a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com . 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