Recent exceptional negative changes in investment behavior have affected United States Steel Corp (NYSE: X): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
United States Steel Corp (NYSE: X) suffers from slight negative changes in fundamentals: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
United States Steel has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. United States Steel has a very high Appreciation Score of 92 but a slightly negative Power Rating of 35, with the Positive Value Trend Rating the result.
Recent Price Action
United States Steel Corp (NYSE: X) stock suffered a large decline of -8.0% on 12/3/24. The stock closed at $37.67. Moreover, this decline was accompanied by exceptionally high trading volume at 273% of normal. The stock has performed in line with the market over the last nine months and has declined -3.5% during the last week.
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