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What is the Market's View on United States Steel Corporation (X) Stock's Price and Volume Trends Friday?

Friday, June 02, 2023 03:06 PM | InvestorsObserver Analysts

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What is the Market's View on United States Steel Corporation (X) Stock's Price and Volume Trends Friday?

The market has been down on United States Steel Corporation (X) stock recently. X gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
United States Steel Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on X!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With X Stock Today?

United States Steel Corporation (X) stock is trading at $22.10 as of 2:57 PM on Friday, Jun 2, a rise of $1.30, or 6.25% from the previous closing price of $20.80. The stock has traded between $21.51 and $22.28 so far today. Volume today is 7,978,856 compared to average volume of 7,201,294. To see InvestorsObserver's Sentiment Score for United States Steel Corporation click here.

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.

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