AK Steel Stock Upgraded 3 Times in 2 Weeks: What You Need to Know [The Motley Fool]
AK STEEL HOLDINGS (AKS)
Last ak steel holdings earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
ir.aksteel.com/investor-relations
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Source: The Motley Fool
This steelmaker carries a sizable slug of debt, but it has the potential to enjoy lots of profits. Every day, Wall Street analysts upgrade some stocks, downgrade others, and initiate coverage on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope... The good news for AK Steel ( NYSE:AKS ) investors began in the middle of last month, when CEO Roger Newport was reported to have placed an order to buy 10,000 of his own company's shares at a $4.03 strike price. The news has only gotten better since. For a man earning $3.4 million a year running AK Steel, Newport's insider purchase (worth just over $40,000 at the time) wasn't a huge risk, but it's already earned the CEO a 3% return in less than a month (about 36% annualized). Perhaps more importantly, it appears to have caught Wall Street's attention -- and over the past three weeks, AK Steel stock has been upg
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