23.73 0.00 (0.00%)
After hours: 4:15PM EST
|Bid||23.68 x 1100|
|Ask||23.68 x 1100|
|Day's Range||22.21 - 24.17|
|52 Week Range||5.16 - 24.17|
|Beta (5Y Monthly)||2.55|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan. 13, 2021 - Jan. 18, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.56|
Friday is turning out to be a good day to be in the metals business, as shares of steelmakers United States Steel (NYSE: X) and Brazil's Companhia Siderurgica Nacional (NYSE: SID) roar to new heights, up 10.4% and 12.1%, respectively, in 1:50 p.m. EST trading. In regard to steel, Bloomberg News recently exulted at U.S. Steel's "47% breakout in November," asserting that supply shortages of the usually run-of-the-mill metal are behind the stock's rise.
Kaiser Aluminum (NASDAQ: KALU) after markets closed Monday agreed to buy Alcoa's (NYSE: AA) rolling mill business for $670 million. Alcoa has struggled in recent years, and in 2019 launched a program to sell between $500 million and $1 billion of assets deemed non-core in response to weak commodity prices. The company late Monday hit its goal when it announced the sale of its Warrick rolling mill business located in Evansville, Indiana, to Kaiser for $670 million, including $587 million in cash and the assumption of $83 million in employee liabilities.
Alcoa's (AA) divestment of the rolling business owned by Alcoa Warrick LLC is in sync with the efforts to reshape its portfolio by lowering non-core operations and focusing on more profitable businesses.