AK Steel Holding Corp. (NYSE:AKS) projects that its average selling price for all products for the fourth quarter will drop by around 5 percent quarter-over-quarter from $1,073 per ton in the third quarter. There exist basically two reasons for this: lower average spot market prices for carbon steel products when contrasted with previous quarter, mainly due to a slump in world economic and business conditions; and decreased raw material surcharges, thanks to lower raw material costs. Shares closed down 17.58 percent on the day at $4.50, and have been traded in a 52-week range of $4.44 to $10.33.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Activision Blizzard’s (NASDAQ:ATVI) most recent Call of Duty sequel, launched Tuesday, could more than double the number of Halo 4 units that Microsoft Corporation (NASDAQ:MSFT) might have sold on its own launch day, which was not reported. However, The Los Angeles Times estimated the total in excess of 2.2 million, based on the firm’s announcement that sales of the game topped $220 million. Comparisons are made more tricky because Call of Duty is available on an additional console platform. Shares closed down 0.46 percent on the day at $10.72, having been traded in a 52-week range of $10.66 to $13.01.
Baidu’s (NASDAQ:BIDU) chief executive sees an increasing mindset of crisis as the firm’s growth rate has slumped and its current dominance in China faces certain rivals who have more easily changed during the shift to mobile, says a Chinese language report in Shanghai’s First Financial Daily, as reported to Want China Times. Shares closed down 5.74 percent on the day at $98.60, and have been traded in a 52-week range of $99.71 to $154.15.
Don’t Miss: Is a Sale in AMD’s Future?