It’s going down at US Steel Corp (X)
What’s up with United States Steel Corporation?
United States Steel Corporation (X) opened at $7.86, which means the stock is down 4.00% from yesterday’s closing price of 8.00. Today, the company has a high of $8.05 and a low of $7.52. The company has a market cap of $1.307 billion with a 52-week high of $16.99 and a 52-week low of $4.54.
What about the future forUnited States Steel Corporation
The high forecast for United States Steel Corporation is 7.00 while the low is 3.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. United States Steel Corporation has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information X seems to be a risky buy.
About United States Steel Corporation
United States Steel Corporation operates as an integrated steel producer. The Company manufactures flat-rolled and tubular products with production operations in North America and Europe. United States Steel serves the automotive, appliance, container, industrial machinery, construction, and oil and gas industries.