Shares of United States Steel Corporation (X) Sees Large Outflow of Money

United States Steel Corporation (X) : The total money flow in United States Steel Corporation (X) was negative ($3.3 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $6.21 million. In comparison, the inflow of money into the stock on upticks was $2.92 million. The uptick to downtick ratio was 0.47. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $4.19 million. The value of transactions on uptick was $0.68 million. The negative money flow of ($3.51 million) confirms the selling in United States Steel Corporation (X) on strength. The uptick to downtick ratio of block trades was 0.16. United States Steel Corporation (X) gained $0.24 at $21.36, a gain of 1.14% over the previous days close. However, the stock registered 12.24% in the week.


The stock has recorded a 20-day Moving Average of 19.1% and the 50-Day Moving Average is 28.72%. Shares have rallied 0.60% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $21.49 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $16.54 and the 200 Day Moving Average price is recorded at $13.50.

United States Steel Corporation (NYSE:X): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.27 and $20.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.28, notching a gain of 0.76% for the day. The total traded volume was 12,760,921 . The stock had closed at $21.12 on the previous day.

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.

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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