United States Steel Corporation Has More Gas To Increase After Today’s Bullish Options Activity

 United States Steel Corporation Has More Gas To Increase After Today's Bullish Options Activity

In today’s session United States Steel Corporation (X) registered an unusually high (3,073) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious X increase. With 3,073 contracts traded and 164374 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: X170421C00019000 closed last at: $3.35 or 37.3% up. About 3.55 million shares traded hands. United States Steel Corporation (NYSE:X) has risen 22.29% since April 5, 2016 and is uptrending. It has outperformed by 20.33% the S&P500.

United States Steel Corporation (NYSE:X) Ratings Coverage

Out of 19 analysts covering United States Steel Corporation (NYSE:X), 4 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 21% are positive. $28 is the highest target while $4 is the lowest. The $16.33 average target is -21.00% below today’s ($20.67) stock price. United States Steel Corporation has been the topic of 41 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Thursday, July 30 by JP Morgan. The stock has “Sell” rating given by UBS on Friday, April 8. KeyBanc Capital Markets upgraded the shares of X in a report on Monday, September 19 to “Sector Weight” rating. JP Morgan maintained the shares of X in a report on Tuesday, April 5 with “Overweight” rating. The rating was maintained by Argus Research with “Buy” on Tuesday, November 24. The company was maintained on Wednesday, July 13 by Barclays Capital. The rating was downgraded by Cowen & Co on Tuesday, February 23 to “Market Perform”. The firm has “Neutral” rating by Northland Capital given on Wednesday, March 9. Argus Research downgraded the shares of X in a report on Thursday, January 28 to “Hold” rating. The stock of United States Steel Corporation (NYSE:X) earned “Sell” rating by Axiom Capital on Friday, August 21.

According to Zacks Investment Research, “United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steelmaking and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.”

United States Steel Corporation is an integrated steel producer. It currently has negative earnings. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe.

X Company Profile

United States Steel Corporation (U. S. Steel), incorporated on May 25, 2001, is an integrated steel producer. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe. The Firm operates through three divisions: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). U. S. Steel is also engaged in other business activities consisting primarily of railroad services and real estate operations. U. S. Steel owns, develops and manages various real estate assets, which include approximately 50,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota and Pennsylvania. In addition, the Company holds ownership interests in joint ventures that are developing real estate projects in Alabama, Maryland and Illinois.

More important recent United States Steel Corporation (NYSE:X) news were published by: Schaeffersresearch.com which released: “Earnings Preview: United States Steel Corporation (X)” on October 31, 2016, also Seekingalpha.com published article titled: “U.S. Steel Facing Margin Compression, And Volume Deceleration”, Schaeffersresearch.com published: “United States Steel Corporation (X) Option Bull Takes Aim at $20” on October 20, 2016. More interesting news about United States Steel Corporation (NYSE:X) was released by: 247Wallst.com and their article: “US Steel Shares Tumble on Earnings, Revenue Miss, Weak Outlook” with publication date: November 01, 2016.

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