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|CLF Crosses Critical Technical Indicator
Friday, July 24, 12:03 PM ET, by Market News Video Staff
In trading on Friday, shares of Cliffs Natural Resources, Inc. (CLF) entered into oversold territory, ...
Top Buys by Top Brass: CEO Harshman's $415K Bet on ATI
Friday, July 24, 12:10 PM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
Carpenter Technology (CRS) Passes Through 2% Yield Mark
Friday, July 24, 3:20 PM ET, by Market News Video Staff
In trading on Friday, shares of Carpenter Technology Corp. (CRS) were yielding above the 2% ...
STLD Crosses Above Key Moving Average Level
Wednesday, July 29, 11:43 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Steel Dynamics Inc. (STLD) crossed above their 200 day ...
Interesting AKS Put And Call Options For September 11th
Thursday, July 30, 10:45 AM ET, by Market News Video Staff
Investors in AK Steel Holding Corp. (AKS) saw new options begin trading today, for the ...
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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