X Stock Summary and Trading Ideas (United States Steel | NYSE:X)

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 4, 2024, X stock price declined to $38.26 with 3,469,324 million shares trading.

X has a beta of 1.55, meaning it tends to be more sensitive to market movements. X has a correlation of 0.14 to the broad based SPY ETF.

X has a market cap of $8.60 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 return of +12.3%, while the SPY ETF gained +36.5%. In the last 3 month period, X fell short of the market, returning -5.8%, while SPY returned +5.3%. However, in the most recent 2 weeks X has outperformed the stock market by returning +1.2%, while SPY returned -2.5%.

X support price is $38.00 and resistance is $39.27 (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.