United States Steel Corp’s recently made public 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.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “an Overweight”. Exane BNP Paribas also remained covering X and has increased its forecast on September 06, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. BMO Capital Markets revised its rating on June 26, 2024. It rated X as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of X
On Tuesday, United States Steel Corp [NYSE:X] saw its stock jump 1.06% to $33.30. Over the last five days, the stock has gained 7.32%. United States Steel Corp shares have fallen nearly -2.03% since the year began. Nevertheless, the stocks have fallen -31.13% over the past one year. While a 52-week high of $48.85 was reached on 01/02/25, a 52-week low of $26.92 was recorded on 01/03/25. SMA at 50 days reached $36.59, while 200 days put it at $37.67.
Levels Of Support And Resistance For X Stock
The 24-hour chart illustrates a support level at 32.75, which if violated will result in even more drops to 32.21. On the upside, there is a resistance level at 34.01. A further resistance level may holdings at 34.73. The Relative Strength Index (RSI) on the 14-day chart is 48.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.89%. Stochastics %K at 45.18% 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 2024-12-13, growing by 0.11 million shares to a total of 17.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 17.47 million shares. There was a rise of 0.63%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 20, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $45 price target.
