Kolkata, West Bengal -- (SBWIRE) -- 09/19/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Alcoa Inc (NYSE:AA), AK Steel Holding Corporation(NYSE:AKS).
Alcoa Inc (NYSE:AA) shares climbed 3.57% to $8.56. For the twelfth year in a row, Alcoa on Sept. 12 has been named to one of the most highly recognized and longest-standing global sustainability indexes, the Dow Jones Sustainability Indexes (DJSI). Alcoa was again recognized as the global aluminum industry sustainability leader and the North American leader in the aluminum sector.
Additionally, the composition of the Dow Jones Industrial Average has no impact on Alcoa's ability to successfully execute our strategy, and the company remain focused on delivering shareholder value. Alcoa continue to grow their value-add businesses and capture growth opportunities in end markets like aerospace and automotive.
Should Investors Buy AA After Yesterday’s Jump? Find Out Here
AK Steel Holding Corporation(NYSE:AKS) shares gained 10.02% to $4.50. The company said that it plans to release its third quarter 2013 financial results before the opening of trading on the New York Stock Exchange on Tuesday, October 22, 2013.
Additionally, AKS‘s stock had its “hold” rating reaffirmed by Zacks in a research note issued to investors on Sept. 13. They currently have a $3.75 price objective on the stock. Zacks‘ price objective would indicate a potential downside of 4.82% from the stock’s previous close.
Moreover, Moody's Investors Service downgraded the corporate family and probability of default ratings of AK Steel Corporation (AK Steel) to B3 from B2 and B3-PD from B2-PD on Sept. 3. At the same time, Moody's downgraded the company's senior unsecured notes rating to Caa1 from B3 and senior secured notes rating to B2 from B1. The notes are guaranteed by AK Steel Holding Corporation. The speculative grade liquidity rating remains unchanged at SGL-3. The outlook is stable. This concludes the review for downgrade initiated on July 24, 2013.
Is AKS A Good Buy After The Recent Price Movement? Find Out Here
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