Investors Recap: Noranda Aluminum Holding Corporation, Globalstar, United States Steel Corporation, AK Steel Holding Corporation

Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Noranda Aluminum Holding Corporation (NYSE:NOR) decreased 11.68% and closed at $4.99. The Company released fourth quarter results. The average realized Midwest transaction price per pound shipped was $1.01 compared to $1.04 in fourth quarter 2011. Net cash cost was $0.82 per pound compared to $0.83 per pound in fourth quarter 2011. The diluted EPS was $0.06, compared to $0.36 in fourth quarter 2011. Total segment profit was $30.9 million compared to $31.1 million in fourth quarter 2011. Operating activities provided $33.3 million of cash flow compared to $30.3 million in fourth quarter 2011.

Is NOR after A Solid Pop Up? Find Out Here

Globalstar, Inc. (PINK: GSAT) went down 11.11% and closed at $0.4. The 52-week range for the stock is $0.22 and $0.87. The Company has Price/Sales ratio of 2.32 and Price/Book ratio of 0.34. The 50-Day Moving Average and 200-Day Moving Average prices is $0.43 and $0.39 respectively. Globalstar is a provider of mobile voice and data communications services globally via satellite.

Will GSAT Continue To Trend Higher After The Recent Gain? Find Out Here

United States Steel Corporation (NYSE:X) declined 2.91% and closed at $21.37. The U.S. Supreme Court agreed to consider whether union workers can be compensated for the time it takes for them to change in and out of safety gear. A group of 800 current and former hourly workers at a U.S. Steel plant in Gary, Indiana, say they should be compensated for changing clothes because it is a key part of their job as steel workers.

Is X a Buy Opportunity After The Recent Slump? Find Out Here

AK Steel Holding Corporation (NYSE:AKS) slipped 2.76% and closed at $3.88. AK Steel said that Lawrence F. Zizzo, age 64, Vice President, Human Resources, has elected to retire effective March 31, 2013.

Zacks restated neutral rating on AK Steel Holding in a report released. Zacks currently has a $4.25 target price on the stock. AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation.

Is AKS Still a Buy After The Recent momentum? Find Out Here

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