×
-0.00363636363636356 -0.00181818181818178 -0.00181818181818178 -0.00636363636363639 0.00352727272727274 0.0113636363636364 -0.00363636363636356 -0.00181818181818178
Stockreport

AK Steel -13% as investors 'perplexed' on price guidance [Seeking Alpha]

AK STEEL HOLDINGS (AKS)  More Company Research Source: Seeking Alpha
Last ak steel holdings earnings: 4/30 08:30 am Check Earnings Report
US:NYSE Investor Relations: aksteel.com/investor_information
PDF AK Steel -13% as investors 'perplexed' on price guidanceAK Steel (AKS-13.2%) plunges to its lowest level in more than a month, despiteinitial gains after reporting a smaller than expectedQ4 loss, amid investor concerns that rising costs will constrain margins even as prices gain.AK Steel said in today's earnings conference call that it sees higher prices mitigating rising costs in 2018, guidance that Credit Suisse analyst Curt Woodworth says caused investors to be “pretty perplexed.”“You’re getting pricing to cover costs, but that doesn’t mean you’re making a lot more money,” Woodworth tells Bloomberg. AKS "said they would cover raw material costs, but the point is you’re kind of running to stand still."Woodworth says the “rubber meets the road” in Q2 because that’s when AKS will monetize spot business and get the bulk of remaining contracts booked.Other steel producers also are sharply lower:X-5.7%,WOR-3.5%,NUE-3.3%,CMC-2.4%,MT-1.8%,STLD-1.1%.Source: Bloomberg First WordSee all stock [Read more]

IMPACT SNAPSHOT EVENT TIME: AKS
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS