Kolkata, West Bengal -- (SBWIRE) -- 09/20/2013 -- 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 AK Steel Holding Corporation(NYSE:AKS), Cliffs Natural Resources Inc(NYSE:CLF).
AK Steel Holding Corporation(NYSE:AKS) shares declined 1.33% to $4.44. 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.
Should Investors Buy AKS After Yesterday’s Jump? Find Out Here
Cliffs Natural Resources Inc(NYSE:CLF) shares decreased 3.24% to $22.73. The company on Sept. 10 announced that on Sept. 9, 2013 its Board of Directors declared a quarterly cash dividend on the Company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A ("Series A preferred stock"), of $17.50 per share, which is equivalent to approximately $0.4375 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on Nov. 1, 2013 to shareholders of record as of the close of business on Oct. 15, 2013.
Additionally, FBR Capital Markets announced on Sept. 12 that it has cut its rating on mining company Cliffs Natural Resources Inc (CLF). The firm has downgraded CLF from “Outperform” to “Market Perform.”
Is CLF A Good Buy After The Recent Price Movement? Find Out Here
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