Large Outflow of Money Witnessed in United States Steel Corporation

United States Steel Corporation (X) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.52 million) in United States Steel Corporation (X). On Friday, The value of composite uptick trades was $32.48 million, whereas, the value of composite downtick trades was $37.01 million and the ratio between the two was 0.88, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.04 million. $1.18 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.29. The negative money flow of ($2.87 million) shows selling on strength. United States Steel Corporation (X) gained $0.63 intraday at $21.15 and registrered 3.07% for the week.


United States Steel Corporation (X) stock is expected to deviate a maximum of $5.71 from the average target price of $15.27 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $6.

United States Steel Corporation (NYSE:X): stock turned positive on Friday. Though the stock opened at $20.52, the bulls momentum made the stock top out at $21.17 level for the day. The stock recorded a low of $20.28 and closed the trading day at $21.16, in the green by 3.12%. The total traded volume for the day was 9,149,506. The stock had closed at $20.52 in the previous days trading.

In a related news, Mascarenas Paul Anthony, director of United States Steel Corp had purchased 1,000 shares on May 5, 2016 in a transaction. The price per share was $18.9 and the total amount of the disclosed transaction was $18,900.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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