Back to top

Image: Bigstock

United States Steel (X) Jumps: Stock Rises 7.8%

Read MoreHide Full Article

United States Steel Corporation (X - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $24.98-$28.69 in the past one-month time frame, showed a sharp increase yesterday.

The move came after the company reported solid third-quarter 2017results.

The company has seen a mixed track record when it comes to estimate revisions of one increase and two decreases in the past one month, while the Zacks Consensus Estimate has moved lower in the same time period. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

United States Steel currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

A better-ranked stock in the Steel - Producers industry is Angang Steel Company Limited , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is X going up? Or down? Predict to see what others think: Up or Down

Zacks’ Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.

Click here for Zacks' private trades >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


United States Steel Corporation (X) - free report >>

Published in