Large Outflow of Money Witnessed in United States Steel Corporation

Shares of United States Steel Corporation (NYSE:X) traded 0.06 points or 0.32% higher at $17.33.The total intraday money flow for the shares came in at a disappointing $(-4.49) million. The total upticks amounted to $29.56 million and the total downticks were approximately $34.06 million, with the up/down ratio of 0.87. On a different note, the shares have seen 13.38% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $2.29 million in upticks and an outflow of $5.97 million in downticks. The up/down ratio for the block was found to be 0.38. The net money flow for the block transaction was $(-3.68) million.


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%. On the companys insider trading activities, Mascarenas Paul Anthony, director of United States Steel Corp, had purchased 1,000 shares on May 5, 2016. The total value of the transaction was $18,900. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

United States Steel Corporation (NYSE:X) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 0.98% at $17.1 with 13,077,831 shares getting traded. Post opening the session at $17.12, the shares hit an intraday low of $16.88 and an intraday high of $17.61 and the price was in this range throughout the day. The company has a market cap of $2,504 million and the number of outstanding shares have been calculated to be 146,423,950 shares. The 52-week high of United States Steel Corporation (NYSE:X) is $24.3 and the 52-week low is $6.15.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of United States Steel Corporation (NYSE:X). Jefferies has a Underweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $13 per share from a prior target of $10. The rating by the firm was issued on June 10, 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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