Large Inflow of Money Detected in United States Steel Corporation

United States Steel Corporation (X) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.11. The total value of inflow transactions on upticks was $45.62 million, whereas, the total value of outflow trades on downticks was $41.17 million. The total money flow was $4.44 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $-0.72 million. The total value of the trades done on upticks was $1.95 million. Downticks saw transactions worth $2.66 million. The total uptick to downtick ratio stood at 0.73, mildly in favor of the bulls. United States Steel Corporation (X) was trading with a -3.58% change over previous days close. It fell $0.73 during the day and reached $19.52. The stock was -1.39% compared to the previous weeks close.


Also, In the latest statement by the brokerage house, KeyBanc downgrades its outlook on United States Steel Corporation (NYSE:X). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Sector Weight. The rating by the firm was issued on August 19, 2016.

United States Steel Corp. has lost 5.79% in the last five trading days and dropped 26.43% in the last 4 weeks. United States Steel Corp. is up 38.93% in the last 3-month period. Year-to-Date the stock performance stands at 147.19%.

United States Steel Corporation (NYSE:X): The stock opened at $20.07 on Tuesday but the bulls could not build on the opening and the stock topped out at $20.19 for the day. The stock traded down to $19.32 during the day, due to lack of any buying support eventually closed down at $19.51 with a loss of -3.61% for the day. The stock had closed at $20.24 on the previous day. The total traded volume was 11,683,882 shares.

In a related news, 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 (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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