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 $21.21 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 $3.35 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 -1.57% to $36.47. Over the last five days, the stock has lost -2.54%. United States Steel Corp. shares have fallen nearly -25.04% since the year began. Nevertheless, the stocks have risen 67.68% 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 04/25/24. SMA at 50 days reached $41.61, while 200 days put it at $37.70. A total of 2.19 million shares were traded, compared to the trading of 2.27 million shares in the previous session.
Levels Of Support And Resistance For X Stock
The 24-hour chart illustrates a support level at 36.13, which if violated will result in even more drops to 35.78. On the upside, there is a resistance level at 36.94. A further resistance level may holdings at 37.40. The Relative Strength Index (RSI) on the 14-day chart is 31.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.75%. Stochastics %K at 11.55% indicates the stock is a buying.
