In a filing, United States Steel Corp. revealed its Pres. & CEO BURRITT DAVID B unloaded Company’s shares for reported $12.63 million on Dec 18 ’23. In the deal valued at $50.01 per share,252,458 shares were sold. As a result of this transaction, BURRITT DAVID B now holds 581,609 shares worth roughly $23.97 million.
Then, Brown Daniel R sold 5,000 shares, generating $248,850 in total proceeds. Upon selling the shares at $49.77, the SVP Adv. Tech. Steelmaking now owns 86,968 shares.
Before that, Brown Daniel R sold 5,000 shares. United States Steel Corp. shares valued at $175,000 were divested by the SVP Adv. Tech. Steelmaking at a price of $35.00 per share. As a result of the transaction, Brown Daniel R now holds 91,968 shares, worth roughly $3.79 million.
Morgan Stanley downgraded its United States Steel Corp. [X] rating to an Equal-weight from a an Overweight in a research note published on February 15, 2024; the price target was increased to $51 from $40. Argus revised its rating on November 03, 2023. It rated X as “a Hold” which previously was an “a Buy”.
Price Performance Review of X
On Friday, United States Steel Corp. [NYSE:X] saw its stock jump 0.29% to $41.22. Over the last five days, the stock has gained 1.08%. United States Steel Corp. shares have fallen nearly -15.27% since the year began. Nevertheless, the stocks have risen 66.08% over the past one year. While a 52-week high of $50.20 was reached on 01/24/24, a 52-week low of $20.40 was recorded on 03/14/24. SMA at 50 days reached $44.64, while 200 days put it at $36.25. A total of 1.63 million shares were traded, compared to the trading of 2.28 million shares in the previous session.
Levels Of Support And Resistance For X Stock
The 24-hour chart illustrates a support level at 41.02, which if violated will result in even more drops to 40.83. On the upside, there is a resistance level at 41.43. A further resistance level may holdings at 41.63. The Relative Strength Index (RSI) on the 14-day chart is 42.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.61%. Stochastics %K at 81.38% indicates the stock is a selling.
How much short interest is there in United States Steel Corp.?
A steep rise in short interest was recorded in United States Steel Corp. stocks on Mar 15, 2024, growing by 2.27 million shares to a total of 20.26 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 17.99 million shares. There was a rise of 11.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.42.
