Do Traders Think United States Steel Corporation (X) Can Turn Around Thursday?

Overall market sentiment has been neutral on United States Steel Corporation (X) stock lately. X receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

United States Steel Corporation has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on X!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With X Stock Today?

United States Steel Corporation (X) stock is trading at $19.11 as of 10:58 AM on Thursday, Jun 23, a rise of $0.04, or 0.21% from the previous closing price of $19.07. Volume today is light. So far 3,246,203 shares have traded compared to average volume of 14,115,149 shares. The stock has traded between $18.76 and $19.21 so far today.

More About United States Steel Corporation

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets. Click Here to get the full Stock Report for United States Steel Corporation stock.