COMPANY SHARES OF KAISER ALUMINUM CORPORATION DROPS BY -2.72%
Post Date: 03 Aug 2015 Viewed: 410
Kaiser Aluminum Corporation (NASDAQ:KALU) has dropped 2.72% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.73% in the last 4 weeks. The shares have underperformed the S&P 500 by 3.84% during the past week but Kaiser Aluminum Corporation (NASDAQ:KALU) has outperformed the index in 4 weeks by 0.43%. Kaiser Aluminum Corporation is up 3.91% in the last 3-month period. Year-to-Date the stock performance stands at 20.11%.
The company shares have rallied 8.27% in the past 52 Weeks. On July 22, 2015 The shares registered one year high of $88.47 and one year low was seen on October 30, 2014 at $68.26. The 50-day moving average is $83.98 and the 200 day moving average is recorded at $78.66. S&P 500 has rallied 8.5% during the last 52-weeks. The company has received recommendation from many analysts. 2 analysts have rated the company as a strong buy. The shares have been rated as hold from 3 Wall Street Analysts. 4 analysts have suggested buy for the company.
Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) ended Friday session in red amid volatile trading. The shares closed down 0.28 points or 0.33% at $84.45 with 157,549 shares getting traded. Post opening the session at $84.51, the shares hit an intraday low of $84.14 and an intraday high of $85.75 and the price vacillated in this range throughout the day. The company has a market cap of $1,455 million and the number of outstanding shares have been calculated to be 17,227,000 shares. The 52-week high of Kaiser Aluminum Corporation (NASDAQ:KALU) is $88.47 and the 52-week low is $68.26.
Currently the company Insiders own 1.9% of Kaiser Aluminum Corporation Company shares. In the past six months, there is a change of -12.67% in the total insider ownership. During last 3 month period, 1.06% of total institutional ownership has changed in the company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (EVP – Fabricated Products) of Kaiser Aluminum Corp, Harvey Keith sold 1,000 shares at $82.25 on July 15, 2015. The Insider selling transaction had a total value worth of $82,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products and operates in fabricated products segment. In addition to the Fabricated Products segment, it has two business units, Secondary Aluminum and Corporate and Other. The Secondary Aluminum business unit sells products, such as ingot and billet, produced by Anglesey Aluminium Limited, in which it has a 49% equity investment and which owns and operates a secondary aluminum remelt and casting facility in Holyhead, Wales. Corporate and Other business unit provides general and administrative support for its operations. Through its 12 focused production facilities in North America, it manufactures rolled, extruded, and drawn aluminum products to serve four market applications: aerospace and high strength products (Aero/HS products), general engineering products (GE products), extrusions for automotive applications (Automotive Extrusions), and other industrial products (Other products).