U.S. Steel (X) Shares Drop 10% Following Presidential CommentsUnited States Steel Corporation (NYSE: NYSE:X ) shares dropped sharply after remarks from former President Donald Trump. He opposed the company's potential sale to Japan's Nippon Steel. Trump said he admired Japan but opposed the sale of an iconic American steel company.
He described U.S. Steel
Key facts today
President Biden blocked a deal involving United States Steel Corporation in January 2024 over national security. Lawsuits from Nippon Steel and U.S. Steel claim political bias in the review process.
Morgan Stanley has reduced its price target for United States Steel Corporation from $43 to $35 while maintaining an equal-weight rating on the stock.
32,640.00
0.01 BRL
2.07 B BRL
84.27 B BRL
226.41 M
About United States Steel Corporation
Sector
Industry
CEO
David B. Burritt
Website
Headquarters
Pittsburgh
Founded
1901
ISIN
BRUSSXBDR003
FIGI
BBG002Q2KRK8
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture slabs, rounds, strip mill plates, sheets, tin mill, iron ore, pellets, pig iron, and coke. The Mini Mill segment produces hot and cold-rolled, coated sheets and electrical steels. The U.S. Steel Europe segment involves the production and marketing of sells slabs, strip mill plate, sheet, tin mill products, and spiral welded pipe. The Tubular Products segment manufactures and trades seamless and electric resistance welded steel casing and tubing, line pipe, and mechanical tubing. The company was founded in 1901 and is headquartered in Pittsburgh, PA.
USA Steel IH&S benefits due to tarifs 90% move? IH&S on back of Trumps tariffs last time it did really well under tariffs
Plenty of room to over perform and go much higher back to ATH?
Assuming the bear does not turn up right about now. Or maybe thats why this target seems low to us now but will be a nice protected move later on with hindsigh
I'm watching 38.12 as Resistance...I laid out some supporting evidence that I currently see, looking at the chart of NYSE:X
This has been consolidating for a couple of weeks leading up to its' earnings report and 38.12 has positioned itself as a long term supply zone. It looks as if it's going to take a ride down the roller coast
X to $35My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39)
Stochastic Momentum Index (SMI) at oversol
The $X your mum warns you aboutKey Stats
Dividend Yield: 0.66% (Not exactly a retirement dream here)
Market Cap: $6.79B
Next Earnings Date: January 30, 2025
Technical Reasons for Decline
1️⃣ Head and Shoulders Breakdown: X recently completed a textbook head-and-shoulders pattern, breaking below $26.50 support with high
Opening (IRA): X January 17th 33 Covered Call... for a 30.36 debit.
Comments: High IVR/IV at 99.4/105.2. Selling the -75 delta call against long stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 30.36
Max Profit: 2.64
ROC at Max: 8.70%
50% M
U.S Steel's $14.9 Bln Merger with Nippon Faces White House BlockOverview:
U.S. Steel’s proposed $14.9 billion merger with Nippon Steel is facing a major roadblock as President Joe Biden is reportedly set to block the bid, citing national security concerns. This development follows intense scrutiny from the White House, labor unions, and bipartisan political oppo
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
X5128130
United States Steel Corporation 6.875% 01-MAR-2029Yield to maturity
7.29%
Maturity date
Mar 1, 2029
X5074850
United States Steel Corporation 5.0% 01-NOV-2026Yield to maturity
−43.56%
Maturity date
Nov 1, 2026
See all USSX34 bonds
Curated watchlists where USSX34 is featured.