Universal Stainless & Alloy Products Jumping 11%

Universal Stainless & Alloy Products Inc. USAP shares are jumping more than 11% today, gaining $4.15 to $40.06, a gain of 11.5% on higher than normal volume. Goldman had upgraded the steel sector earlier this morning, and it appears that Universal Stainless & Alloy Products is benefiting from the sector upgrade. Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products.