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Deutsche Bank, Pulmatrix, AK Steel Stocks Moving Today

Three stocks making big moves on the charts today are Deutsche Bank AG, Pulmatrix Inc, and AK Steel Holding Corporation

Mar 21, 2017 at 2:51 PM
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The Dow has shed more than 200 points today, with bank stocks among the leading laggards. Among specific equities in focus are financial concern Deutsche Bank AG (USA) (NYSE:DB), biotech Pulmatrix Inc (NASDAQ:PULM), and steel stock AK Steel Holding Corporation (NYSE:AKS). Here's a quick look at what's moving shares of DB, PULM, and AKS.

Deutsche Bank Shakes Off Downbeat Sector Trend

DB is bucking the bearish trend in the banking sector, trading 4.8% higher at $17.20, after the company kicked off its $8.6 billion stock sale -- shaking off news Deutsche Bank AG will likely be fined by the Federal Reserve and New York’s Department of Financial Services in relation to forex trades. The stock is sitting just north of the year-over-year breakeven level, and options traders certainly seem to be hoping for more gains. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DB's 10-week call/put volume ratio of 1.79 is ranked higher than all other comparable readings in the past year, meaning calls have been bought to open over puts at an annual-high clip.

Patent Win Sends Pulmatrix Shares Soaring

After winning a European patent for its iSPERSE inhaled drug technology, PULM stock is shooting 37% higher to $3.81, making it the one of the highest percentage gainers on the Nasdaq today. Despite these gains, however, the shares are sitting far south of their early February annual high near $7. After sliding down the charts for more than two years, Pulmatrix Inc has seen incredibly choppy price action so far this year, which may explain why the brokerage bunch is sitting on the sidelines. At present, not one analyst is providing coverage on the stock.

AK Steel Sinks on Trump Concerns

The steel sector is taking a hit today, amid rising concern over when President Donald Trump's policies -- including a massive infrastructure plan -- will be implemented. Adding fuel to the fire are statements made by the Canadian government questioning how Trump's "Buy American and hire American" pledge will impact the two countries' closely correlated steel industries.

AKS is seeing some of the heaviest losses, off 9.3% at $7.50, and on track for its lowest close since mid-November. This is just more of the same, though, considering the shares have retreated sharply since notching a five-year high of $11.39 in early December, and have surrendered a recent foothold atop the 120-day moving average. Short-term options traders are more put-skewed toward AK Steel Holding Corporation than they've been at any other time over the last year. The stock's Schaeffer's put/call open interest ratio (SOIR) of 0.84 is higher than all comparable readings from the past 12 months.

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