Large Outflow of Money Witnessed in United States Steel Corporation

United States Steel Corporation (X) : The total negative money flow of $10.67 million on Tuesday indicates selling on strength. The inflow of money on upticks was $70.29 million, compared to $80.95 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.87. The negative money flow of $6.24 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $10.93 million in a block trade.The transaction value of block trade on downtick was $17.18 million. The uptick to downtick ratio was 0.64. The price action in the United States Steel Corporation (X) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $21.11 with a gain of $1.1 , a change of 5.5% over the previous days close. The stock registered 10.93% for the week.


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 66.14% 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%. In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of United States Steel Corp, Mascarenas Paul Anthony had purchased shares worth of $18,900 in a transaction dated on May 5, 2016. A total of 1,000 shares were purchased at a price of $18.9 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Shares of United States Steel Corp. rose by 19.67% in the last five trading days and 22.24% for the last 4 weeks. United States Steel Corp. is up 20.12% in the last 3-month period. Year-to-Date the stock performance stands at 166.96%.

United States Steel Corporation (NYSE:X): stock turned positive on Tuesday. Though the stock opened at $20.56, the bulls momentum made the stock top out at $21.25 level for the day. The stock recorded a low of $20.28 and closed the trading day at $21.11, in the green by 5.50%. The total traded volume for the day was 19,583,603. The stock had closed at $20.01 in the previous days trading.

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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