United States Steel Corporation ($X) Stock Forecast: Down 5.2% Today

What is United States Steel Corporation?

Stock X, part of a corporation based in the United States, experienced a notable downward trend today due to prevailing market conditions.

Why is United States Steel Corporation going down?

X stock is down 5.2% on Dec 20, 2024 19:15

• The corporation provided a dim outlook for Q4, with adjusted EPS projections falling short of analysts' expectations, prompting a sharp drop in its stock value.
• Additionally, the company revised its EBITDA forecast for Q4 downward, further influencing the negative market sentiment.
• Investors' responses to the unsatisfactory outlook exacerbated the bearish trend, evident in the shift towards a more optimistic position in options trading.
• In conclusion, Stock X's decline today was attributed to a combination of underwhelming Q4 guidance and market sentiment, underscoring the significant impact of company performance on stock dynamics.

X Price Chart

X Technical Analysis

X News

US Steel Issues Weak Q4 Outlook, Joins Novo Nordisk And Other Big Stocks Moving Lower In Friday's Pre-Market Session - Innovative Ind Props ( NYSE:IIPR ) , Arqit Quantum ( NASDAQ:ARQQ )

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Friday. Shares of United States Steel Corporation X fell sharply in today's pre-market trading after the company issued fourth-quarter adjusted EPS guidance below analyst estimates.

https://www.benzinga.com/24/12/42616290/us-steel-issues-weak-q4-outlook-joins-novo-nordisk-and-other-big-stocks-moving-lower-in-fridays-pre-market-sessio

U.S. Steel Lowers EBITDA Guidance for Q4 Amid Weak Pricing

The $150 million adjusted EBITDA guidance for Q4 is lower than X's previous outlook.

https://www.zacks.com/stock/news/2386139/us-steel-lowers-ebitda-guidance-for-q4-amid-weak-pricing

US Steel Stock Stumbles On Weak Q4 Outlook - United States Steel ( NYSE:X )

United States Steel Corp X shares are trading lower in Thursday's after-hours session after the company issued fourth-quarter guidance below analyst estimates. What Happened: After the market close on Thursday, U.S. Steel said it expects to report a fourth-quarter adjusted loss of 25 cents to 29 ...

https://www.benzinga.com/news/guidance/24/12/42606023/us-steel-stock-stumbles-on-weak-q4-outlook

United States Steel Options Trading: A Deep Dive into Market Sentiment - United States Steel ( NYSE:X )

Investors with a lot of money to spend have taken a bullish stance on United States Steel X. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/12/42598489/united-states-steel-options-trading-a-deep-dive-into-market-sentiment

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United States Steel Corporation Price History

10.11.2024 - X Stock was down 11.1%

• Despite market whales taking a bullish stance on United States Steel (X), the stock itself had a bearish movement.
• This discrepancy could be due to broader market conditions or specific company-related factors that outweighed the positive sentiment from the large investors.
• It's possible that external factors such as macroeconomic trends or industry-specific events influenced the stock's downward trajectory, overshadowing the optimistic bets made by the market whales on United States Steel.

13.08.2024 - X Stock was up 5.1%

• Unusual options activity and a bullish approach from deep-pocketed investors towards United States Steel indicate growing confidence in the company's future prospects.
• The 7% rally in United States Steel shares, fueled by notable volume and positive news about ZMAG-coated steel, suggests renewed investor interest and optimism in the company's products and offerings.
• Upgraded ratings on steel stocks, including United States Steel, reflect a broader rebound in the steel industry and improved market conditions, contributing to the bullish movement in Stock X.
• Despite the positive momentum, caution is advised as the latest trend in earnings estimate revisions may impact the stock's future performance, highlighting the need for careful monitoring of market dynamics.

13.10.2024 - X Stock was down 7.3%

• There has been a notable increase in bearish options trades by smart money investors on Stock X, indicating a pessimistic outlook.
• The heightened bearish sentiment among major investors might have played a role in driving the overall bearish trend of Stock X witnessed today.
• This change in options trading behavior could indicate that investors are bracing for difficulties or unfavorable events in the steel sector, possibly exerting a negative impact on Stock X in the near future.

03.11.2024 - X Stock was down 9.2%

• Even though there was a bullish sentiment in the options market for United States Steel, stock X witnessed a bearish movement today.
• The bearish movement in stock X could be attributed to either the general market conditions or particular company-related developments.
• Investors with positive outlooks on United States Steel's future might have been surprised by the bearish trend in stock X today.

03.11.2024 - X Stock was down 8.1%

• The bearish movement in United States Steel Corporation's stock X today could be attributed to opposition to the proposed acquisition by Japan's Nippon Steel Corporation. This news might have raised concerns among investors about the future prospects of the deal and its potential impact on the company.
• The bullish stance taken by investors with significant capital on United States Steel's options could indicate a conflicting sentiment in the market. While some investors are optimistic about the company's future, others might be cautious due to the uncertainty surrounding the acquisition deal.
• The options frenzy observed in United States Steel's trading activity suggests a high level of speculation and volatility in the market, which could have contributed to the bearish movement in the stock X today. Investors might be reacting to the news and adjusting their positions accordingly, leading to a downward pressure on the stock price.

11.11.2024 - X Stock was down 8.3%

• United States Steel Corp.'s stock (X) saw a significant downturn after reports surfaced that President Joe Biden would prevent the company's sale to Nippon Steel over national security issues.
• This development led to increased uncertainty among investors, causing them to sell off X shares.
• Despite large market players making optimistic bets on United States Steel options, these actions did not appear to counterbalance the negative outlook on the blocked sale, ultimately resulting in bearish market activity for the stock.

12.11.2024 - X Stock was down 5.1%

• The stock price of United States Steel (X) dropped by 3.00% to $33.88, continuing its downward trend over the past month and year.
• President Joe Biden's decision to block the proposed sale of US Steel to Nippon Steel due to national security concerns contributed to the negative market sentiment.
• Despite some bullish bets on United States Steel options by investors with significant capital, the overall impact of Biden's stance on the potential deal overshadowed any positive sentiment, leading to the bearish movement in the stock price.

06.10.2024 - X Stock was up 9.2%

• X exceeded earnings and revenue expectations in Q3, showcasing strong performance despite facing headwinds from lower shipments and prices.
• The company's better-than-expected results in Q3, with earnings of 56 cents per share beating the analyst consensus of 47 cents, contributed to the bullish movement.
• The bearish options trading trends on X, with a majority of traders displaying bearish tendencies, could indicate caution in the market despite the positive earnings report.
• The upcoming closure of the Nippon Steel deal by year-end could be a catalyst for further positive momentum in X's stock price.

26.08.2024 - X Stock was down 5.0%

• Concerns about the future profitability and growth prospects of companies like United States Steel (X) have surfaced due to Kamala Harris's stance on US steel production, even if it could result in job losses.
• Investor sentiment is showing in bearish options activity on United States Steel, suggesting anticipation of challenges in the steel industry that may be impacting X stock negatively.
• The recent political discourse on steel production coupled with bearish options activity may be influencing the decline in Stock X, indicating market uncertainty and possible obstacles ahead for the company.

18.08.2024 - X Stock was up 5.2%

• United States Steel (X) saw a significant bullish uptrend today as its shares surged by 7% to close at $33.39.
• The increased options activity alongside a positive stance from well-funded investors towards United States Steel likely fueled this positive movement.
• The decision delay by the U.S. national security panel regarding Nippon Steel's acquisition bid for United States Steel until after the presidential election introduced an element of uncertainty, stimulating higher trading volume and a bullish outlook.
• United States Steel's strong performance over the last 5 years, exceeding market performance and boasting an average annual return of 22.72%, may have further bolstered today's bullish trajectory.

20.10.2024 - X Stock was up 5.0%

• Despite bearish stances taken by investors with significant capital in United States Steel, Stock X managed to defy the odds and experience a bullish surge.
• The conflicting sentiments from whales in the options market for United States Steel did not seem to have a direct impact on Stock X's performance.
• It appears that factors specific to Stock X itself, rather than broader market trends or investor sentiments towards related companies, were the primary drivers behind its impressive bullish movement today.

20.11.2024 - X Stock was down 5.2%

• The corporation provided a dim outlook for Q4, with adjusted EPS projections falling short of analysts' expectations, prompting a sharp drop in its stock value.
• Additionally, the company revised its EBITDA forecast for Q4 downward, further influencing the negative market sentiment.
• Investors' responses to the unsatisfactory outlook exacerbated the bearish trend, evident in the shift towards a more optimistic position in options trading.
• In conclusion, Stock X's decline today was attributed to a combination of underwhelming Q4 guidance and market sentiment, underscoring the significant impact of company performance on stock dynamics.