United States Steel Corporation ($X) Stock Forecast: Down 5.8% Today

What is United States Steel Corporation?

United States Steel (NYSE: X) experienced a significant bearish movement today amidst market volatility.

Why is United States Steel Corporation going down?

X stock is down 5.8% on Apr 10, 2025 16:27

• Comments expressing the desire for U.S. Steel to remain an American company and opposition to a certain bid have generated uncertainty and negative sentiment around the stock.
• Political risk associated with these statements has overshadowed positive technical indicators, resulting in a notable decline in United States Steel's stock price.
• Market patterns sparked by new tariffs from a specific country have added to the selling pressure on X stock.
• Despite the company's strong fundamentals, external factors and political dynamics appear to be driving the bearish trend in United States Steel's market performance for the day.

X Price Chart

X Technical Analysis

X News

US Steel Stock Is Falling Thursday: What's Going On? - United States Steel ( NYSE:X )

President Donald Trump tells reporters he wants U.S. Steel to remain a U.S. company. "That's why we don't want to see it go to Japan," Trump says. China's new tariffs just reignited the same market patterns that led to triple- and quadruple-digit wins for Matt Maley. Get the next trade alert free.

https://www.benzinga.com/25/04/44734302/us-steel-stock-is-falling-thursday-whats-going-on

Trump Torpedoes US Steel Deal, X Stock Tumbles Despite Bullish Chart - United States Steel ( NYSE:X )

Trump's fresh opposition to Nippon's $14B bid sends U.S. Steel stock down 10% premarket. Despite strong bullish technicals, political risk is putting pressure on United States Steel momentum. China's new tariffs just reignited the same market patterns that led to triple- and quadruple-digit wins ...

https://www.benzinga.com/25/04/44733757/trump-torpedoes-us-steel-deal-x-stock-tumbles-despite-bullish-chart

Amtech Systems, Tesla And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - Amtech Systems ( NASDAQ:ASYS ) , Antelope Ent Hldgs ( NASDAQ:AEHL )

U.S. stock futures were lower this morning, with the Dow futures falling around 1% on Thursday. Shares of Amtech Systems Inc ASYS fell sharply in today's pre-market trading after the company cut its revenue forecast for the second quarter.

https://www.benzinga.com/25/04/44732580/amtech-systems-tesla-and-other-big-stocks-moving-lower-in-thursdays-pre-market-session

Cramer Praises Trump For Pushback On Nippon 'Dumper' Steel, Calls The Block A 'Smart Move' - Nippon Steel ( OTC:NISTF ) , Nippon Steel ( OTC:NPSCY )

CNBC host Jim Cramer cheered President Donald Trump's latest comments on the long-pending acquisition of United States Steel Corp. X by Nippon Steel Corporation NPSCY NISTF

https://www.benzinga.com/markets/25/04/44727180/cramer-praises-trump-for-pushback-on-nippon-dumper-steel-calls-the-block-a-smart-move

US Steel Stock Tumbles As Trump Says 'We Don't Want To See It Go To Japan' - United States Steel ( NYSE:X )

President Donald Trump says he wants U.S. Steel to remain a U.S. company in a press conference from the Oval Office. "We don't want to see it go to Japan. You know, we love Japan, but U.S. Steel is a very special company," Trump says. Pelosi's latest AI pick skyrocketed 169% in just one month.

https://www.benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan

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United States Steel Corporation Price History

13.00.2025 - X Stock was up 6.0%

• Doubts regarding LTC ETF approval could have prompted investors to turn their attention to Stock X, resulting in increased buying activity.
• The upcoming inauguration of Donald Trump has the crypto market preparing for potential market fluctuations, potentially favoring Stock X.
• Positive developments in other cryptocurrencies, such as Litecoin and Ethereum, may have fostered a bullish sentiment across the market, positively affecting Stock X.
• Given Ethereum's reputation as the 'most cursed' coin, investors may be exploring alternative cryptocurrencies like Stock X, contributing to its bullish trajectory.

13.00.2025 - X Stock was up 5.0%

• Today's bullish movement in stock X can be attributed to the following factors:
• The positive sentiment in the crypto market, with analytics suggesting a likelihood of higher prices, might have boosted investor confidence in tech stocks like stock X.
• Despite concerns surrounding Ethereum being labeled as the 'most cursed' coin, investors may have shifted their focus towards more stable tech investments like stock X.
• The exposure of 7 million OpenSea emails leading to phishing threats could have directed attention towards established tech companies like stock X, seen as more secure investment options.
• The upcoming US economic events impacting Bitcoin sentiment may have created a ripple effect in the tech sector, benefiting stocks like stock X.

07.00.2025 - X Stock was up 5.1%

• Positive sentiment in the cryptocurrency market, along with anticipated narratives and a projected major breakout for Cardano (ADA), may have contributed to Stock X's bullish movement today.
• The overall excitement in the cryptocurrency realm might have had a spillover effect on other assets like Stock X, enhancing its strong bullish performance.
• The review and anticipation of developments in the cryptocurrency sector, such as Neo News, could have boosted investor confidence, indirectly boosting Stock X's stock price.
• Insights shared by Cleveland-Cliffs CEO regarding anticipated actions by President Biden on a significant deal may have positively influenced market sentiment, indirectly benefiting Stock X and contributing to its bullish movement.

07.00.2025 - X Stock was up 7.5%

• The uptick in Stock X's performance aligns with a positive market outlook within the tech sector.
• Developments in popular cryptocurrencies, such as Bitcoin, Dogecoin, and Shiba Inu, potentially contributed to an overall optimistic market sentiment, bolstering investor confidence.
• Observing an increased acquisition of Bitcoin exchange supply by large entities, or "whales," suggests a rising institutional interest in digital assets. This heightened attention may have positively impacted tech stocks, including Stock X.
• Despite prevailing negative sentiment on social media, the upward trend of Dogecoin may indicate a shift in investor attitudes towards higher-risk assets, potentially benefiting tech companies like Stock X.

08.03.2025 - X Stock was up 6.8%

• U.S. Steel (X) saw a strong bullish movement of 16% as President Trump's order to review the blocked acquisition by Nippon Steel raised hopes for potential positive developments in the company's future.
• The surge in trading volume and positive trend in earnings estimate revisions further fueled investor optimism, indicating a potential continuation of the bullish momentum.
• The market reacted positively to the news, with investors anticipating favorable outcomes from the review process, leading to a notable increase in U.S. Steel's stock price.

04.02.2025 - X Stock was down 5.3%

• The bearish movement in Stock X could be attributed to profit-taking by investors after a recent price surge.
• Addressing testnet validator issues by Ethereum developers may have raised concerns about the overall stability and security of blockchain networks, impacting investor sentiment towards related stocks like Stock X.
• The announcement of Trump hosting a White House Crypto Summit could have created uncertainty in the market, leading to a sell-off in cryptocurrencies and related stocks like Stock X.
• The profitability of Bitcoin mining platforms amid a price increase may have shifted investor focus towards traditional cryptocurrencies like Bitcoin, causing a sell-off in alternative assets like Stock X.

03.03.2025 - X Stock was down 5.9%

• Today's bearish movement in United States Steel (X) could be linked to mixed trader sentiment, with a notable percentage displaying bearish inclinations based on options trading trends.
• A leading analyst's shift in perspective from bullish to neutral might have played a role in the negative market dynamics.
• Discussions surrounding Nippon Steel's efforts to revive the US Steel agreement through increased capital investments might have heightened uncertainty and exerted pressure on the stock.
• Furthermore, general warnings about potential declines in materials stocks, including United States Steel (X), may have affected investor sentiment and influenced the downward trend.

25.02.2025 - X Stock was up 5.1%

• The rise in options activity indicating a negative outlook on United States Steel might be a short-term sentiment, possibly due to market speculation or hedging strategies.
• The occurrence of a Golden Cross and a significant investment in X by a billionaire suggest strong momentum and confidence in the company's future, attracting more buyers and pushing up the stock price.
• Despite challenges in Q1 with adjusted EPS and EBITDA forecasts falling below consensus estimates, the anticipated long-term benefits from partnerships with BR2 and Nippon Steel seem to be boosting investor confidence and contributing to the upward trend in the stock.

11.02.2025 - X Stock was up 5.0%

• The movement of $1 billion in Bitcoin to an unknown wallet from Mt. Gox could have sparked renewed interest in cryptocurrencies, including Bitcoin, leading to increased demand and a positive impact on Stock X.
• Ethereum's poor performance and low market sentiment may have driven investors towards alternative assets like Stock X, contributing to its bullish movement.
• Kiyosaki's claim about the dollar being a bigger scam than Bitcoin could have shifted investor focus towards alternative stores of value like stocks, benefiting Stock X.
• Burniske's endorsement of Bitcoin and cryptocurrencies as the fastest horse in finance may have created a ripple effect, boosting confidence in digital assets and indirectly benefiting Stock X.

07.01.2025 - X Stock was down 5.2%

• The positive sentiment surrounding Bitcoin's potential surge to $500K and the optimistic projections for the cryptocurrency market could have prompted a shift in investor focus away from mainstream tech stocks like X, resulting in a sell-off.
• The introduction of a novel Layer-1 blockchain by Ondo Finance and the SEC's contemplation of new ETFs relating to Solana and Litecoin may have steered investor interest towards these emerging technologies, influencing a downward trajectory for stock X.
• Reports on Jupiter Exchange recovering control of X account following a security breach could have sparked apprehensions regarding cybersecurity within the tech industry, thereby impacting sentiment towards stock X adversely.
• The spotlight on Bitcoin's support and resistance levels possibly led to market volatility, prompting investors to reconsider their portfolio allocations and veer away from conventional tech stocks like X.

10.03.2025 - X Stock was down 5.8%

• Comments expressing the desire for U.S. Steel to remain an American company and opposition to a certain bid have generated uncertainty and negative sentiment around the stock.
• Political risk associated with these statements has overshadowed positive technical indicators, resulting in a notable decline in United States Steel's stock price.
• Market patterns sparked by new tariffs from a specific country have added to the selling pressure on X stock.
• Despite the company's strong fundamentals, external factors and political dynamics appear to be driving the bearish trend in United States Steel's market performance for the day.

27.01.2025 - X Stock was up 5.1%

• The bearish stance taken by whales on United States Steel might have caused a short-term dip in the stock, leading to a buying opportunity for investors.
• The positive sentiment around Bitcoin, with mentions of a bold vision for its price and top investment firms buying more, could have boosted overall market confidence, including in stocks like United States Steel.
• The upcoming make-or-break moment for Solana and the focus on cryptocurrencies might have shifted investor attention towards digital assets, impacting traditional stocks positively.
• Overall, the bullish movement in Stock X could be a result of a combination of industry-specific factors and the broader market sentiment influenced by the positive news surrounding cryptocurrencies.