United States Steel Corporation (X) Shares are Down -3.23%

United States Steel Corporation (X) : During the past 4 weeks, traders have been relatively bearish on United States Steel Corporation (X), hence the stock is down -4.05% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.2% relative to the S&P 500. The 4-week change in the price of the stock is -3.69% and the stock has fallen -3.23% in the past 1 week.

United States Steel Corp. is up 52.83% in the last 3-month period. Year-to-Date the stock performance stands at 158.21%. The stock has recorded a 20-day Moving Average of 15.08% and the 50-Day Moving Average is 1.16%.


United States Steel Corporation (NYSE:X): The stock opened at $21.05 on Friday but the bulls could not build on the opening and the stock topped out at $21.20 for the day. The stock traded down to $20.28 during the day, due to lack of any buying support eventually closed down at $20.38 with a loss of -6.56% for the day. The stock had closed at $21.81 on the previous day. The total traded volume was 18,573,331 shares.

Also, KeyBanc downgrades its rating on United States Steel Corporation (NYSE:X). Analysts at the KeyBanc have a current rating of Underweight on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on August 19, 2016.

United States Steel Corporation (U. S. Steel) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Companys railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steels integrated steel plants in the United States, except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK), the Companys steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steels tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.

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