Volume Stocks: Disney, AIG and AK Steel (NYSE:DIS),(NYSE:AIG),(NYSE:AKS)
Stocks checking in with unsually high volume today as compared to average daily volume include The Walt Disney Company (NYSE:DIS), American International Group, Inc. (NYSE:AIG) and AK Steel Holding Corporation (NYSE:AKS).
The Walt Disney Company (NYSE:DIS) checks in late trading with 19M shares trading, which is nearly 2X average daily volume of 11.7M. Shares were up 3% to $32.57 a share (+$0.93) on news of an upgrade by BofA/Merrill. The chart signifies a strong up trending channel for the stock with shares trading in the middle of the channel range.
American International Group, Inc. (NYSE:AIG) also checks in with some unusually strong volume today that sent the stock soaring higher, +8%. Shares trading checked in at 22M versus the average daily volume of 10.5M, making it 2X average daily volume. The chart shows that shares have been declining since the October high notched just above $50, and this may be a good opportunity as stock may be catching support as the chart flattens out and goes sideways.
AK Steel Holding Corporation (NYSE:AKS) is also up sharply today (+7.6%) to $24.55 with volume that is approaching 3X average daily at 22M versus 8.4M average. The stock made a recent high peaking above $26 a share and seems to be getting momentum to go test that again.