United States Steel Corporation (NYSE:X) has climbed 4.11% in the past week and advanced 34.58% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.36% and the outperformance has advanced to 33.35% for the last 4 weeks period.
United States Steel Corporation (NYSE:X): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.00 and $17.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.98, notching a gain of 0.62% for the day. The total traded volume was 19,237,617 . The stock had closed at $17.87 on the previous day.
The company shares have dropped -22.30% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $23.78 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $16.13 and the 200 Day Moving Average price is recorded at $12.37.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of United States Steel Corp, Mascarenas Paul Anthony, had purchased 1,000 shares in a transaction dated on May 5, 2016. The transaction was executed at $18.9 per share with total amount equaling $18,900.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Bank of America upgrades its rating on United States Steel Corporation (NYSE:X). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The Analysts at Bank of America raises the price target from $10 per share to $18 per share. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 1.31% of United States Steel Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 41.71% . Institutional Investors own 65.98% of United States Steel Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 41.71%.
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.