Shares of United States Steel Corporation (X) Rally 13.93%

United States Steel Corporation (X) : Traders are bullish on United States Steel Corporation (X) as it has outperformed the S&P 500 by a wide margin of 15.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 13.93% in the last 1 week, and is up 20.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 20.11% and the 50-Day Moving Average is 30.76%.

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 $21.12 and $21.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.68, notching a gain of 1.88% for the day. The total traded volume was 8,746,444 . The stock had closed at $21.28 on the previous day.


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 66.24% 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 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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