21-Nov-2024
US Steel surges; Nippon Steel sees chance Trump administration approves deal
Seeking Alpha News (Thu, 21-Nov 3:53 PM ET)
US Steel surges; Nippon Steel sees chance Trump administration approves deal - report
Seeking Alpha News (Thu, 21-Nov 3:53 PM ET)
US Steel seesaws amid Nippon Steel's US visit, meeting with governor (update)
Seeking Alpha News (Wed, 20-Nov 4:59 PM ET)
X Bear Call Spread is Overpriced at $0.77; Theoretical Value $0.47
Market Chameleon (Wed, 20-Nov 3:57 PM ET)
U.S. Steel Stock (NYSE:X) Rises amid Rising Optimism of Sale to Nippon Steel
TipRanks (Wed, 20-Nov 2:18 PM ET)
US Steel jumps amid Nippon Steel's US visit, meeting with governor
Seeking Alpha News (Wed, 20-Nov 1:33 PM ET)
If X Stock Price is Contained Within ±$3 Zone, This Spread Will Net 103%
Market Chameleon (Wed, 20-Nov 1:01 PM ET)
US Steel rises amid report Gov. Josh Shapiro will meet with Nippon Steel official
Seeking Alpha News (Tue, 19-Nov 3:58 PM ET)
High Alpha stocks that are rated ‘overweight’ – MS
Seeking Alpha News (Tue, 19-Nov 2:40 PM ET)
Nippon Steel Execs Rally Support in Pennsylvania Amid Pushback On US Steel Takeover
Benzinga (Tue, 19-Nov 4:01 AM ET)
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
United States Steel trades on the NYSE stock market under the symbol X.
As of November 21, 2024, X stock price climbed to $40.51 with 7,413,909 million shares trading.
X has a beta of 1.71, meaning it tends to be more sensitive to market movements. X has a correlation of 0.18 to the broad based SPY ETF.
X has a market cap of $9.11 billion. This is considered a Mid Cap stock.
Last quarter United States Steel reported $4 billion in Revenue and $.56 earnings per share. This beat revenue expectation by $83 million and exceeded earnings estimates by $.09.
In the last 3 years, X traded as high as $50.20 and as low as $16.41.
The top ETF exchange traded funds that X belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.
X has underperformed the market in the last year with a price return of +19.3% while the SPY ETF gained +32.2%. However, in the short term, X had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.9% vs +6.6% return in SPY. But in the last 2 weeks, X shares have been beat by the market, returning -4.1% compared to an SPY return of +0.4%.
X support price is $37.22 and resistance is $39.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that X shares will trade within this expected range on the day.