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|ATI Breaks Above 2% Yield Territory
Tuesday, March 8, 3:12 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Allegheny Technologies, Inc (ATI) were yielding above the 2% ...
XME, AKS, NEM, CNX: Large Outflows Detected at ETF
Wednesday, March 9, 11:00 AM ET, by Market News Video Staff
Symbols mentioned in this story: XME, AKS, NEM, CNX Exchange traded funds (ETFs) trade just ...
AKS April 29th Options Begin Trading
Thursday, March 10, 10:34 AM ET, by Market News Video Staff
Investors in AK Steel Holding Corp. (AKS) saw new options become available today, for the ...
Bullish Two Hundred Day Moving Average Cross - CRS
Thursday, March 17, 11:10 AM ET, by Market News Video Staff
In trading on Thursday, shares of Carpenter Technology Corp. (CRS) crossed above their 200 day ...
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Thursday, March 17, 4:17 PM ET, by Market News Video Staff
In trading on Thursday, shares of Freeport-McMoran Copper & Gold (FCX) crossed above their 200 ...
Bargain Hunters Take Note: Insider Cluster-Buying At AKS
By Metals Channel Staff, Tuesday, November 27, 12:27 PM ET
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At AK Steel Holding Corp. (NYSE:AKS), 3 different insiders purchased 24,000 shares at an average price of $3.83/share, for a total of $91,840, with the most recent purchase on November 23, 2012.
Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":
||David C. Horn
||Exec V.P., Gen. Counsel & Sec.
||Ralph S. Michael III
||John S. Brinzo
The chart below shows the one year performance of AKS shares, versus its 200 day moving average. Note that AKS's low point in its 52 week range is $3.42 per share, with $10.33 as the 52 week high point — that compares with a last trade of $3.83, with shares currently trading up about 0.3% on the day.
According to the ETF Finder at ETF Channel, AKS makes up 2.56% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading lower by about 0.4% on the day Tuesday.
See what other ETFs contain AKS »
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