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Are we looking at the next big move in United States Steel Corp. (X)?

United States Steel Corp. (NYSE: X) is -27.38% lower on its value in year-to-date trading and has touched a low of $26.92 and a high of $50.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The X stock was last observed hovering at around $35.62 in the last trading session, with the day’s loss setting it -0.29%.

Currently trading at $35.33, the stock is 0.20% and -7.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.21 million and changing -0.81% at the moment leaves the stock -13.68% off its SMA200. X registered 9.55% gain for a year compared to 6-month loss of -15.54%. The firm has a 50-day simple moving average (SMA 50) of $37.9428 and a 200-day simple moving average (SMA200) of $40.92255.

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The stock witnessed a -8.38% gain in the last 1 month and extending the period to 3 months gives it a -7.49%, and is -8.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.59% over the week and 6.66% over the month.

United States Steel Corp. (X) has around 21803 employees, a market worth around $7.95B and $16.89B in sales. Current P/E ratio is 15.76 and Fwd P/E is 12.81. Profit margin for the company is 3.39%. Distance from 52-week low is 31.27% and -29.62% from its 52-week high. The company has generated returns on investments over the last 12 months (3.69%).

The EPS is expected to shrink by -52.95% this year.

United States Steel Corp. (X) Top Institutional Holders

616.0 institutions hold shares in United States Steel Corp. (X), with institutional investors hold 91.14% of the company’s shares. The shares outstanding are 223.67M, and float is at 222.13M with Short Float at 10.57%. Institutions hold 89.77% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 23.41 million shares valued at $885.07 million. The investor’s holdings represent 10.4483% of the X Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 20.44 million shares valued at $772.59 million to account for 9.1205 of the shares outstanding. The other top investors are PENTWATER CAPITAL MANAGEMENT LP which holds 20.21 million shares representing 9.0183% and valued at over $763.94 million, while PENTWATER CAPITAL MANAGEMENT LP holds 6.0428 of the shares totaling 13.54 million with a market value of $511.88 million.

United States Steel Corp. (X) Insider Activity

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United States Steel Corp. disclosed in a document filed with the SEC on Dec 18 ’23 that BURRITT DAVID B (Pres. & CEO) sold a total of 252,458 shares of the company’s common stock. The trade occurred on Dec 18 ’23 and was made at $50.01 per share for $12.63 million. Following the transaction, the insider now directly holds 0.58 million shares of the X stock.

Still, SEC filings show that on Dec 18 ’23, Brown Daniel R (SVP Adv. Tech. Steelmaking) disposed off 5,000 shares at an average price of $49.77 for $0.25 million. The insider now directly holds 86,968 shares of United States Steel Corp. (X).

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