Volume Spike Investor » AKS

Metals Spike After-Hours oN ALCOA (AA, CENX, STLD, TIE, AKS, X, CLF, MT)

247admin — Wed, 07 Oct 2009 20:31:10 +0000

Alcoa Inc. (NYSE: AA) has just posted a surprise profit after it was expected to lose money in the quarter. Here are the full details, but we took a 4:20 PM EST snapshot and many metals companies are running up that are not just in the aluminum space:

Century Aluminum Company (NASDAQ: CENX) $9.65 close; $10.41 A-H; +7.88% on 139,411 shares

Steel Dynamics, Inc. (NASDAQ: STLD) $15.23 close; $15.45 A-H; +1.44% on 22,381 shares

Titanium Metals Corporation (NYSE: TIE) $9.80 close; $10.10 A-H; +3.06% on 8,333 shares

AK Steel Holding Corporation (NYSE: AKS) $18.88 close, $19.35 A-H, +2.49% on 42,645 shares

United States Steel Corporation (NYSE: X) $42.59 close; $43.60 A-H; +2.37% on 52,037 shares

Cliffs Natural Resources Inc. (NYSE: CLF) $33.21 Close; $33.99 A-H; +2.35% on 14,691 shares

ArcelorMittal (NYSE: MT) $36.37 close; $37.09 A-H; +1.98% on 4,390 shares

JON C. OGG
OCTOBER 7, 2009

Steel stocks lag on commodities weakness, construction market worries (SCHN, X, CMC, RS, NUE, AKS)

247admin — Tue, 30 Jun 2009 16:09:59 +0000

Steel stocks are among the laggards Tuesday after disappointing results from Schnitzer Steel Industries Inc. (Nasdaq: SCHN) and a lackluster consumer confidence report that helped spur lower commodity prices.

Schnitzer is weighing most heavily on the group, down more than 10 percent as of noon Tuesday, on more than twice its normal volume. The company missed earnings expectations by 21 cents a share, and revenue fell 58 percent from the same period a year earlier. The company cited weak demand in both the non-residential and infrastructure construction markets in its steel manufacturing business. The company expects the construction market weakness to continue through the rest of the year.

Among other steel names, United States Steel Corp. (NYSE: X), Commercial Metals Co. (NYSE: CMC) and Reliance Steel & Aluminum Co. (NYSE: RS) all are down more than 3 percent on moderate volume. Nucor Corp. (NYSE: NUE) shares are down more than 2 percent. AK Steel Holding Corp. (NYSE: AKS) is down more than 1 percent. — Mike Tarsala

VOLUME SPIKE ALERT: AK Steel Options Volume (AKS)

247admin — Thu, 31 Jul 2008 18:14:39 +0000

AK Steel Holding Corp. (NYSE: AKS) has seen options go through the roof today. This is on market talk that the company has entered talks to sell itself. Whether or not a sale will come up is still unknown, but that isn;’t keeping options traders from putting on their speculator hats. See below with strikes, volume, and the prior day’s open interest:

AUGUST 2008 CALLS
Strike    Volume    OpInt
55.00    1,357    5,986
60.00    4,170    12,624
65.00    2,197    7,586
70.00    5,542    6,505
75.00    12,027   8,068

SEPTEMBER 2008 CALLS
Strike    Volume    OpInt
60.00    908       16,419
65.00    1,528    4,797
70.00    5,001    11,513
75.00    1,402    10,674
80.00    6,444    1,141

DECEMBER 2008 CALLS
Strike Volume OpInt
90.00 15,880 358

Jon C. Ogg
July 31, 2008