Large Outflow of Money Witnessed in United States Steel Corporation

United States Steel Corporation (X) managed to eke out gains of 0.43% in intraday trade. The share price increased by 0.14 points to $32.85. Till last observation, the net money flow was recorded at a negative $(-1.82) million. The total inflow of $52.08 million in upticks was completely overshadowed by an outflow of $53.9 million in downticks, giving the up/down ratio a value of 0.97. The shares have seen a change of -2.72% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $9.78 million and the composite value in downticks was $10.85 million. The resultant up/down ratio for the block exchange was 0.9. The block trade had a negative money flow of $(-1.07) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

United States Steel Corporation has lost 2.55% in the last five trading days and dropped 5.09% in the last 4 weeks. United States Steel Corporation is up 62.39% in the last 3-month period. Year-to-Date the stock performance stands at -5.09%. United States Steel Corporation (NYSE:X) witnessed a decline in the market cap on Wednesday as its shares dropped 4.22% or 1.38 points. After the session commenced at $33.83, the stock reached the higher end at $33.9999 while it hit a low of $30.71. With the volume soaring to 27,484,384 shares, the last trade was called at $31.33. The company has a 52-week high of $39.14. The company has a market cap of $5,403 million and there are 172,459,060 shares in outstanding. The 52-week low of the share price is $6.67.

Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Mario Longhi Filho (President & CEO) sold 111,550 shares at 36.60 per share price.On Dec 8, 2016, Sara A. Greenstein (Sr. VP – Consumer Solutions) sold 2,128 shares at 35.99 per share price.On Dec 6, 2016, David J. Rintoul (Sr. VP – Tubular Business) sold 16,353 shares at 33.48 per share price.

United States Steel Corporation Last issued its quarterly earnings results on Jan 31, 2017. The company reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.29. Analyst had a consensus of $-0.02. The company had revenue of $2650.00 million for the quarter, compared to analysts expectations of $2665.66 million. The companys revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.23 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.United States Steel Corporation was Downgraded by Citigroup to Neutral on Jan 19, 2017. United States Steel Corporation was Downgraded by Credit Suisse to Neutral on Jan 12, 2017. United States Steel Corporation was Downgraded by Rosenblatt to Neutral on Jan 9, 2017. United States Steel Corporation was Downgraded by Argus to Hold on Nov 29, 2016. United States Steel Corporation was Downgraded by Rosenblatt to Neutral on Nov 21, 2016.

United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steelmaking and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.


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