United States Steel Corp (NYSE: X) stock suffered a major decline of -17.5% on 9/4/24. The shares closed at $29.38. Moreover, trading volume in this decline was exceptionally high at 1357% of normal. Relative to the market the stock has been weak over the last nine months and has declined -22.3% during the last week.
Current PriceTarget Research Rating
X’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
United States Steel has a current Value Trend Rating of C (Neutral). 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 poor Power Rating of 17, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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