United States Steel Corp.’s filing revealed that 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 $24.04 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 $3.8 million.
Wolfe Research upgraded its United States Steel Corp. [X] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “an Equal-weight”.
Price Performance Review of X
On Friday, United States Steel Corp. [NYSE:X] saw its stock fall -2.13% to $41.33. Over the last five days, the stock has gained 0.27%. United States Steel Corp. shares have fallen nearly -15.05% since the year began. Nevertheless, the stocks have risen 60.19% 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 $44.01, while 200 days put it at $36.70. A total of 4.33 million shares were traded, compared to the trading of 3.08 million shares in the previous session.
Levels Of Support And Resistance For X Stock
The 24-hour chart illustrates a support level at 40.65, which if violated will result in even more drops to 39.96. On the upside, there is a resistance level at 42.30. A further resistance level may holdings at 43.26. The Relative Strength Index (RSI) on the 14-day chart is 44.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.54%. Stochastics %K at 80.82% indicates the stock is a selling.
