United States Steel Corporation (X) has risen sharply, recording gains of 39.2% in the past 4 weeks. However, the stock has corrected -3.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 35.82% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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 $26.31 and $26.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.49, notching a gain of 1.92% for the day. The total traded volume was 8,184,330 . The stock had closed at $25.99 on the previous day.
The stock has recorded a 20-day Moving Average of 15.8% and the 50-Day Moving Average is 38.91%. United States Steel Corp. is up 40.61% in the last 3-month period. Year-to-Date the stock performance stands at 234.99%.
United States Steel Corporation (X) : The highest short term price target forecast on United States Steel Corporation (X) is $28 and the lowest target price is $12. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $18.91 with a standard deviation of $4.53.
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.