The Latest Breaking News from United States Steel

Three steel stocks have formed valid bases and are in or near buy zones. However, views conflict on the steel market.

Over the past 3 months, 6 analysts have published their opinion on United States Steel (NYSE:X) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

BMO Capital analyst David Gagliano lowered the price target on United States Steel Corp (NYSE:X) to $23 (an upside of 15.5%) from $30 while maintaining the Market Perform rating on the shares. X provided its 'mid-quarter' update yesterday and mentioned that it expects 2Q22 EBITDA of $1.6 billion, vs. BMO/FactSet consensus of $1.5 billion. Related: United…

BMO Capital has decided to maintain its Market Perform rating of United States Steel (NYSE:X) and lower its price target from $30.00 to $23.00. Shares of United States Steel are trading up 1.76% over the last 24 hours, at $19.93 per share.

Over the past 3 months, 7 analysts have published their opinion on United States Steel (NYSE:X) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

United States Steel Corporation (NYSE: X) shares are trading higher by 5.06% to $20.57 after the company issued second-quarter adjusted EPS guidance above estimates.

United States Steel Corporation (NYSE:X) provides 2Q22 guidance; It expects adjusted EBITDA of ~$1.6 billion. The company expects adjusted net earnings per diluted share of $3.83 to $3.88, versus a consensus of $3.20. United Steels' balance sheet remains strong with an overfunded pension plan and no significant debt maturities until 2029. The…

United States Steel shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 84.

Someone with a lot of money to spend has taken a bearish stance on United States Steel (NYSE:X). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Amid depressed demand due to China’s ongoing COVID-19-related lockdowns and disrupted global supply chains owing to geopolitical tensions, steel prices have witnessed a significant decline over the past month. However, amid the market sell-off, we think buying the stocks of fundamentally sound steel companies Nucor (NUE) and United States Steel…

United States Steel's (NYSE:X) short percent of float has fallen 4.71% since its last report. The company recently reported that it has 27.60 million shares sold short, which is 10.72% of all regular shares that are available for trading.