United States Steel Corp (NYSE: X) stock enjoyed a major increase of 26.1% on 12/18/23. The shares closed at $49.59. Moreover, exceptionally high trading volume at 1109% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 38.1% during the last week.
Current PriceTarget Research Rating
X is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
United States Steel has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. United States Steel has a very high Appreciation Score of 87 and a very high Power Rating of 100, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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