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Stock Market & Financial Investment News

News Breaks
June 16, 2014
10:31 EDTAKSAK Steel gaps up following upgrade, levels to watch
Shares were last up 6% to $6.81, which follows a large gap up this morning to $6.74. BofA/Merrill upgraded the shares to Buy, with a $10 price target. The session low at $6.74, the opening price, is current support. Next support below would be at $6.62. Resistance is at $6.93, the session high. The move up today reinforces the turn in trend to positive which has developed in the last month.
News For AKS From The Last 14 Days
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June 30, 2015
14:34 EDTAKSIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 22, 2015
12:33 EDTAKSSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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