Overall market sentiment has been high on United States Steel Corporation (X) stock lately. X receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With X Stock Today?
United States Steel Corporation (X) stock is trading at $27.93 as of 12:58 PM on Thursday, Jun 10, a rise of $0.56, or 2.05% from the previous closing price of $27.37. The stock has traded between $27.12 and $28.43 so far today. Volume today is 19,364,578 compared to average volume of 25,582,785.
To see the top 5 stocks in the Steel industry click here.
More About United States Steel Corporation
United States Steel Corp operates primarily in the United States but also has steelmaking capacity in Slovakia. The company's operating segments include Flat-Rolled; USSE and Tubular. It generates maximum revenue from the Flat-Rolled segment. 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 Score Report on United States Steel Corporation (X) Stock.
