United States Steel Corp’s recent filing unveils that its Former Director Jaycox Kenneth E acquired Company’s shares for reported $0.13 million on Sep 18 ’24. In the deal valued at $37.50 per share,3,500 shares were bought.
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Then, BURRITT DAVID B sold 252,458 shares, generating $12,626,182 in total proceeds. Upon selling the shares at $50.01, the Pres. & CEO now owns 581,609 shares.
Before that, Brown Daniel R sold 5,000 shares. United States Steel Corp shares valued at $248,850 were divested by the SVP Adv. Tech. Steelmaking at a price of $49.77 per share. As a result of the transaction, Brown Daniel R now holds 86,968 shares, worth roughly $3.07 million.
JP Morgan upgraded its United States Steel Corp [X] rating to an Overweight from a a Neutral in a research note published on September 09, 2024; the price target was increased to $42 from $40. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “an Outperform”. BMO Capital Markets also remained covering X and has increased its forecast on June 26, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Jefferies started covering the stock on May 20, 2024. It rated X as “a Buy”.
Price Performance Review of X
On Tuesday, United States Steel Corp [NYSE:X] saw its stock fall -9.68% to $35.26. Over the last five days, the stock has lost -6.40%. United States Steel Corp shares have fallen nearly -27.52% since the year began. Nevertheless, the stocks have fallen -1.78% over the past one year. While a 52-week high of $50.20 was reached on 01/24/24, a 52-week low of $26.92 was recorded on 09/04/24. SMA at 50 days reached $38.24, while 200 days put it at $38.76.
Levels Of Support And Resistance For X Stock
The 24-hour chart illustrates a support level at 30.86, which if violated will result in even more drops to 26.45. On the upside, there is a resistance level at 39.36. A further resistance level may holdings at 43.45. The Relative Strength Index (RSI) on the 14-day chart is 38.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.40%. Stochastics %K at 40.80% indicates the stock is a holding.
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 2024-11-29, growing by 2.07 million shares to a total of 18.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 16.01 million shares. There was a rise of 11.46%, which implies that there is a positive sentiment for the stock.
