Ultime notizie per United States Steel (NYSE:X) Azioni

United States Steel

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

United States Steel Corporation Common Stock

United States Steel Corp

Xaar PLC

Xai - United States Dollar

Beyond Air Inc

Xtrackers Artificial Intelligence and Big Data ETF

XALLES HOLDINGS INC by Xalles Holdings Inc.

Xalles Holdings Inc

Xanadu Mines Ltd

SHL Telemedicine Ltd FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April

SPDR S&P Aerospace & Defense ETF

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August

GoldMoney Inc

Tether Gold - United States Dollar

Avalaunch - United States Dollar

BondBloxx ETF Trust BondBloxx B-Rated USD High Yield Corporate Bond ETF

Innovator U.S. Equity Accelerated 9 Buffer ETF - April

BondBloxx ETF Trust BondBloxx BB-Rated USD High Yield Corporate Bond ETF

SPDR Series Trust SPDR S&P Biotech ETF

US Treasury 6 Month Bill ETF

Xenetic Biosciences Inc

Xenetic Biosciences Inc Warrants (19/07/2024)

XBiotech Inc

Innovator ETFs Trust Innovator U.S. Equity Accelerated 9 Buffer ETF - January

Innovator U.S. Equity Accelerated 9 Buffer ETF - July

Innovator U.S. Equity Accelerated 9 Buffer ETF - October

CROSS BORDER RES INC by Cross Border Resources, Inc.

Cross Border Resources Inc

Realbotix Corp

XBP Europe Holdings Inc

Xebra Brands Ltd Ordinary Shares

Xebra Brands Ltd

VanEck Vectors ETF Trust ETF Trust Bitcoin Strategy ETF

WisdomTree Trust WisdomTree Emerging Markets Ex-China Fund

XCAD Network - United States Dollar

X-CASH

BondBloxx ETF Trust BondBloxx CCC-Rated USD High Yield Corporate Bond ETF

Columbia EM Core ex-China ETF

XCRAFT ENTERPRISES CL B by XCRAFT ENTERPRISES INC.

xCraft Enterprises Inc

XCHG Ltd

Chia

CryptoFranc

XCHNG Platform - United States Dollar

XcelMobility Inc

Global X Funds Global X S&P 500 Collar 95-110 ETF

Onyxcoin - United States Dollar

SPDR S&P Emerging Markets ex-China ETF

XTERA COMMUNICATIONS INC by Xtera Communications, Inc.

Xtera Communications Inc

FundX Investment Trust FundX ETF

Counterparty

XCPCNL BUSINESS SERVICES by XCPCNL Business Services Corporation

XCPCNL Business Services Corp

XCANA PETROLEUM CORP by XCana Petroleum Corp.

XCana Petroleum Corp

Xcorporeal Inc

Xcelerate Inc

Exicure Inc

Curate

XCarnival

Innovator U.S. Equity Accelerated ETF - April

Franklin Exponential Data ETF

DigitalBits

XDC Network - United States Dollar

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December

Innovator ETFs Trust Innovator U.S. Equity Accelerated ETF - January

Innovator U.S. Equity Accelerated ETF - July

Kelly Strategic ETF Trust Kelly CRISPR & Gene Editing Technology ETF

XD Inc

Innovator U.S. Equity Accelerated ETF - October

Innovator Growth Accelerated ETF - Quarterly

MPHASE TECHS INC by mPhase Technologies, Inc.

mpower Technologies Inc

Innovator ETFs Trust Innovator U.S. Equity Accelerated ETF - Quarterly

Roundhill ETF Trust Roundhill S&P 500 0DTE Covered Call Strategy ETF

XEBEC ADSORPTION INC by Xebec Adsorption Inc.

Xebec Adsorption Inc

eCash

Exeedme

Xcel Energy Inc

EXELA TECHNOLOGIES INC by Exela Technologies, Inc.

Exela Technologies Inc

EXELA TECHS INC 6% SER B by Exela Technologies, Inc.

Xcel Brands Inc

BondBloxx ETF Trust BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Xend Finance

Xenon Pharmaceuticals Inc. - Common Shares

Xenon Pharmaceuticals Inc

XENO TRANSPLANTS CORP by Xeno Transplants Corp.

Xeno Transplants Corp

Electra Protocol

XEMPLAR ENERGY CORP by Xemplar Energy Corp.

Xemplar Energy Corp

Xeriant Inc

Xeris Biopharma Holdings, Inc. - Common Stock

Xeris Biopharma Holdings Inc

Xero Ltd

SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF

ELECTRONIC SERVITOR PUBN by ELECTRONIC SERVITOR PUBN NETWORK INC

Electronic Servitor Publication Network Inc

X-FAB SILICON FOUNDRIS SE by X-FAB SILICON FOUNDRIES SE

X-FAB Silicon Foundries SE

Footballcoin (XFC)

X-FACTOR COMMUNS HLDGS by X-Factor Communications Holdings, Inc.

X-Factor Communications Holdings Inc

XTREME FGHTG CHAMPSHP NEW by Xtreme Fighting Championships

Xtreme Fighting Championships Inc

First Trust Exchange-Traded Fund VIII FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February

News

Politics

Management

General

Nippon Steel's Mori To Meet With Pennsylvania Governor Shapiro

Investors with a lot of money to spend have taken a bearish stance on United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>).
And retail traders should know.
We noticed this today when the positions 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. But when something this big happens with X, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for United States Steel.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 66%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $95,506, and 8, calls, for a total amount of $939,250.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $39.0 to $50.0 for United States Steel over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for United States Steel's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of United States Steel's whale activity within a strike price range from $39.0 to $50.0 in the last 30 days. 
<h3>United States Steel Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732032114_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$4.35</td>
<td>$1.73</td>
<td>$2.8</td>
<td>$45.00</td>
<td>$539.6K</td>
<td>2</td>
<td>2.0K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$3.6</td>
<td>$3.55</td>
<td>$3.6</td>
<td>$39.00</td>
<td>$95.5K</td>
<td>1</td>
<td>554</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.2</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$43.00</td>
<td>$91.6K</td>
<td>13.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.2</td>
<td>$3.8</td>
<td>$4.0</td>
<td>$43.00</td>
<td>$68.4K</td>
<td>13.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.05</td>
<td>$3.75</td>
<td>$4.0</td>
<td>$43.00</td>
<td>$66.4K</td>
<td>13.4K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
Having examined the options trading patterns of United States Steel, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of United States Steel</h3>
<ul>
<li>With a trading volume of 1,092,583, the price of X is down by -0.13%, reaching $37.96.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 72 days from now.</li>
</ul>
<h3>What Analysts Are Saying About United States Steel</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $43.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on United States Steel with a target price of $43. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United States Steel with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Check Out What Whales Are Doing With United States Steel

Nippon Steel (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) executives have traveled to Pennsylvania to garner support for their $15 billion acquisition bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). The Japanese steel giant is encountering political resistance in Washington.
What Happened: Takahiro Mori, vice-chair of Nippon Steel, arrived in Pittsburgh on Saturday to advocate for the acquisition. The deal faces opposition from both President Joe Biden and President-elect Donald Trump, who prefer U.S. Steel to remain under American ownership, the Financial Times <a href="https://www.ft.com/content/c0549c37-142f-462a-ae2b-55215ea77419">reported</a> on Tuesday.
Despite these political challenges, Nippon Steel is seeking regulatory approval post-election. Mori is scheduled to meet with government officials in Washington later this week.
Mori is also <a href="https://www.benzinga.com/markets/equities/24/09/41045029/amid-nippon-us-steel-debacle-kamala-harris-stresses-importance-of-us-steel-production-even-if-it">engaging with U.S. Steel workers</a> this week, particularly those in the United Steelworkers union. Some union members have expressed support for the deal, differing from USW president David McCall, who opposes Nippon&#8217;s ownership.
See Also: <a href="https://www.benzinga.com/24/11/42029943/dow-tumbles-over-300-points-following-economic-reports-investor-sentiment-declines-fear-greed-index-moves-to-neutral-zone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dow Tumbles Over 300 Points Following Economic Reports, Nvidia, Microsoft Decline: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a>
Nippon Steel has committed to investing nearly $3 billion in U.S. facilities. The Committee on Foreign Investment in the U.S. has granted Nippon a 90-day extension to address national security concerns, with a final decision anticipated by the end of the year.
Why It Matters: The acquisition of U.S. Steel by Nippon Steel has been a contentious issue, with significant political and economic implications. Nippon Steel <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">remains optimistic about finalizing</a> the deal by year-end, despite facing opposition from the Biden administration and President-elect Trump, who plans to block the acquisition.
The deal is seen as a potential boost for the U.S. economy by creating jobs and increasing competitiveness against China&#8217;s steel industry. However, the United Steelworkers union opposes the deal, citing job security concerns for its members.
In October, U.S. Steel reported<a href="https://www.benzinga.com/news/earnings/24/10/41665667/us-steel-reports-better-than-expected-q3-results-aims-to-close-nippon-steel-deal-by-year-end"> better-than-expected third-quarter results</a>, with earnings of 56 cents per share, surpassing analyst expectations. The company expressed its intention to close the deal with Nippon Steel by the end of the year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42022100/trump-media-faces-investor-exodus-as-arc-global-slashes-stake-to-nearly-zero-after-court-ruling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Major Investor In Trump Media Offloads Most Of Its Stake In DJT Stock</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image by Poetra.RH via Shutterstock

NISTF

Nippon Steel Execs Rally Support in Pennsylvania Amid Pushback On US Steel Takeover

<a href="https://www.bloomberg.com/news/articles/2024-11-18/nippon-steel-makes-anti-import-vow-to-win-over-us-steel-workers">https://www.bloomberg.com/news/articles/2024-11-18/nippon-steel-makes-anti-import-vow-to-win-over-us-steel-workers</a>
Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won't send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the iconic American company.
The commitment is among the undertakings highlighted by Nippon Steel's Executive Vice President Takahiro Mori in a Monday letter to United Steelworkers members at two key US Steel operations. Union leaders have repeatedly raised concerns that Nippon Steel's overseas footprint threatens the American industry — arguing that the Japanese steelmaker may one day find it cheaper to export certain steel to the US and replace some domestic output.

Legal

'Nippon Steel Makes Anti-Import Vow To Win Over U.S. Steel Workers; Nippon Steel's Mori Makes Appeal In Letter To Union Workers; Letter Includes Vow Not To Import Foreign Steel Slabs Into U.S.' - Bloomberg

Trading Ideas

Shares Of U.S. Steel See Volume; Bloomberg Report Titled, "Trump Pivots to Silence on US Steel Deal Amid Growing Tensions Trump had pledged to block Nippon Steel's $14.1 billion bid"

Every quarter, I track the 13F filings at the SEC. These are the reports filed by money managers of all stripes that show what the funds owned during the most recent quarter. When you compare the current list to the prior quarter, you come away with a clear picture of what institutions are buying for their customers and themselves.
When I started in the business, it took several days past the deadline to get a copy of the filings. I would go through the current and previous filings with a ruler and a yellow highlighter to track the changes. It was laborious but profitable. Today, the filings are made available instantly, and the portfolios and changes are posted to the internet instantly.
The Thundering Herd of Wall Street and the Instant Experts of the Internet will flock to read the filings of the best-known money managers and investors. Obviously, Warren Buffett gets a lot of attention. So do Carl Icahn and Cathie Wood. Bill Ackman also garners some attention. The number of people who dig deeper to find managers that are doing business away from the spotlights and consistently delivering high returns is small.
The famous investors are famous because they did well over time. However, they now manage billions of dollars, and their opportunity set is limited to large-cap stocks. You can do okay with their stocks, but if you want better than okay, you have to dig deeper.
If you joined the circus of Buffettology and just owned the top 20 holdings of Berkshire Hathaway for the last 10 years, you have earned about half the return of the S&amp;P 500. You did much worse as an Icahn clone investor. A very small portion of Klarman&#8217;s fund is invested in stocks these days as he finds bargains in other asset classes like debt and real estate. The stocks Baupost Fund has purchased have not been big winners for the most part.
If you could make the same derivatives bets Bill Ackman made when he made them, you would have done pretty well. If you just bought the stocks he did, you would have lagged the indexes. If you bought the top 20 stocks held by Donald Smith and Company, you would have crushed the market over the last decade. You would have crushed the market for over 20 years cloning this unknown investment firm.
You would have never owned the most exciting stocks. About half the time, you would have trailed the index in a given calendar year. In the years you outperformed, you outperformed by a massive margin.
This approach is incredibly boring.
Donald Smith and Company focuses on the bottom 10% of the stock market as measured by price-to-book value. They narrow the universe down to the cheapest ones and buy the ones they think have the highest potential for recovery. They have done that for over 40 years with exceptional results. Elections, crashes, melt-ups, and meltdowns have come and gone, and this firm just keeps its head down and buys cheap stocks.
As it turns out, boring is profitable.
Founder Donald Smith passed away in 2019, but his associates have kept the firm going with the same mission. The top 20 holdings contain no tech stocks. They do not even own a single tech stock or uranium miner. Donald Smith and Company owns some insurance companies, energy firms, homebuilders, REITs, and even steel companies.
Using their 13F filings to manage your portfolio or find ideas would have delivered market-beating returns that grew your wealth at a much faster pace than owning an index fund. $10,000 invested in the index with dividends reinvested would have piled up to a total of about $67,300. Shamelessly cloning the Donald Smith and Company portfolio would have given you over $151,000.
Today is the deadline for 13F filings covering holdings on September 30, 2024. The Instant Experts and talking heads will be out discussing what the famous investors have been doing. The key is to focus on what the investors who are still crushing the market are doing. We will talk more about this idea over the next week. For now, here are the top 20 stocks owned by Donald Smith and Company as of the end of the third quarter:

<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Aercap holdings</td>
<td>(Ticker: AER)</td>
</tr>
<tr>
<td>Eldorado Gold</td>
<td>(Ticker: EGO)</td>
</tr>
<tr>
<td>M/i &nbsp;Homes</td>
<td>(Ticker: MHO)</td>
</tr>
<tr>
<td>Jackson Financial</td>
<td>(Ticker: JXN)</td>
</tr>
<tr>
<td>Unum</td>
<td>(Ticker: UNM)</td>
</tr>
<tr>
<td>Genworth</td>
<td>(Ticker: GNW)</td>
</tr>
<tr>
<td>US Steel</td>
<td>(Ticker: X)</td>
</tr>
<tr>
<td>Iamgold</td>
<td>(Ticker: IAG)</td>
</tr>
<tr>
<td>Civitas</td>
<td>(Ticker: CIVI)</td>
</tr>
<tr>
<td>Taylor Morrison Homes</td>
<td>(Ticker: TMHC)</td>
</tr>
<tr>
<td>Howard Hughes Corporation</td>
<td>(Ticker: HHH)</td>
</tr>
<tr>
<td>Corebridge</td>
<td>(Ticker: CRBG)</td>
</tr>
<tr>
<td>Golar LNG</td>
<td>(Ticker: GLNG)</td>
</tr>
<tr>
<td>Park Hotles and Resorts</td>
<td>(Ticker: PK)</td>
</tr>
<tr>
<td>Equinox Gold</td>
<td>(Ticker: EQX)</td>
</tr>
<tr>
<td>Beazer Homes</td>
<td>(Ticker: BZH)</td>
</tr>
<tr>
<td>Siriuspoint ltd</td>
<td>(Ticker: SPNT)</td>
</tr>
<tr>
<td>Radian Group</td>
<td>(Ticker: RDN)</td>
</tr>
<tr>
<td>Ternium</td>
<td>(Ticker: TX)</td>
</tr>
<tr>
<td>Ally Financial</td>
<td>(Ticker: ALLY)</td>
</tr>
</tbody>
</table>
</figure>

Opinion

ALLY

CIVI

GLNG

SPNT

TMHC

C-Suite Buys of the Week: November 14, 2024

Whales with a lot of money to spend have taken a noticeably bearish stance on United States Steel.
Looking at options history for United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) we detected 27 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 74% with bearish.
From the overall spotted trades, 20 are puts, for a total amount of $2,790,881 and 7, calls, for a total amount of $1,272,720.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $50.0 for United States Steel, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United States Steel's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United States Steel's significant trades, within a strike price range of $30.0 to $50.0, over the past month.
<h3>United States Steel 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731524423_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.85</td>
<td>$3.3</td>
<td>$3.4</td>
<td>$43.00</td>
<td>$1.0M</td>
<td>15.6K</td>
<td>3.0K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.66</td>
<td>$2.35</td>
<td>$2.65</td>
<td>$35.00</td>
<td>$795.0K</td>
<td>5.8K</td>
<td>3.0K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.6</td>
<td>$6.2</td>
<td>$6.3</td>
<td>$40.00</td>
<td>$598.5K</td>
<td>130.9K</td>
<td>3.5K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.55</td>
<td>$6.2</td>
<td>$6.55</td>
<td>$40.00</td>
<td>$163.7K</td>
<td>130.9K</td>
<td>4.0K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.6</td>
<td>$6.15</td>
<td>$6.55</td>
<td>$40.00</td>
<td>$163.7K</td>
<td>130.9K</td>
<td>3.7K</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
In light of the recent options history for United States Steel, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is United States Steel Standing Right Now?</h3>
<ul>
<li>With a trading volume of 4,361,438, the price of X is up by 0.77%, reaching $40.34.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 78 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for United States Steel</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $43.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on United States Steel, which currently sits at a price target of $43. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United States Steel options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Smart Money Is Betting Big In United States Steel Options

<h3 class="wp-block-heading">Bankruptcy Block</h3>
Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing <a href="https://www.benzinga.com/topic/bankruptcy">to file for bankruptcy</a>. 
Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement with lenders, financial strains have persisted. 
This move comes as prison stocks Geo Group (NYES: GEO) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) moved positively to the news that Donald Trump won <a href="https://www.benzinga.com/general/politics/24/11/41779902/prison-stocks-geo-group-corecivic-rally-on-trump-2024-election-win-history-shows-the-gains-may-n">the 2024 presidential election</a>.
Meanwhile, Toronto-based Slang Worldwide Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#CSE">SLNG</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SLGWF#OTCQB">SLGWF</a>) is entering receivership in Colorado and declared bankruptcy in Canada. Unable to repay amounts owed under its credit agreement, which matures on Nov. 15, 2024, Slang will likely dispose of or sell its assets <a href="https://www.benzinga.com/markets/cannabis/24/11/41778383/another-one-bites-the-dust-slang-worldwide-files-for-bankruptcy-due-to-inability-to-pay-debt">through a receivership process</a>.
<h3 class="wp-block-heading">New On The Block</h3>
Tripadvisor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) is currently exploring &#8220;strategic alternatives,&#8221; which is corporate jargon for a sale. According <a href="https://uk.finance.yahoo.com/news/q3-2024-tripadvisor-inc-earnings-133036809.html">to </a>CFO Mike Noonan, the company ended Q3 with $1.1 billion in cash. Should a firm make an offer, it would have to woo Liberty Media, which owns about 21% of Tripadvisor common stock — an approximate 57% voting interest.
KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) wants to sell its stake in JB Chemicals &amp; Pharmaceuticals Ltd. via a block trade in the market, <a href="https://www.bloomberg.com/news/articles/2024-11-06/kkr-is-said-to-consider-selling-750-million-stake-in-jb-pharma">per</a> Bloomberg. The private equity firm is working with an investment bank as it considers selling about $750 million worth of stock in the Indian-listed company. The size of the deal could jump to $1 billion depending on demand.
See Also: <a href="https://www.benzinga.com/news/24/11/41698607/kamala-harris-ready-if-trump-decides-to-falsely-declare-victory-we-are-prepared-to-respond">Harris &#8216;Ready&#8217; If Trump Decides To &#8216;Falsely&#8217; Declare Victory: &#8216;We Are Prepared To Respond&#8217;</a>
<h3 class="wp-block-heading">Off The Block</h3>
Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out <a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid" target="_blank" rel="noreferrer noopener">earlier this year</a>, the company is focusing on <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noreferrer noopener">copper</a>, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in Queensland: Jellinbah East and Lake Vermont. Anglo did not operate these mines <a href="https://www.benzinga.com/news/large-cap/24/11/41739206/anglo-american-offloads-1-1-billion-coal-stake-proceeds-with-restructuring">nor market their output</a>.
Blackstone agreed to buy Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>), a U.S. shopping mall owner. The Stephen A. Schwarzman-run private equity firm valued the real estate investment trust at <a href="https://www.benzinga.com/markets/24/11/41803407/is-blackstone-finalizing-a-deal-to-acquire-one-of-americas-largest-retail-reits">around $4 billion, including debt</a>.
Air Transport Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is going private. Investment firm Stonepeak is acquiring the aircraft lessor for $3.1 billion, including debt.
<h3 class="wp-block-heading">Updates From The Block</h3>
Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) remains optimistic about finalizing its $14.1 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by the end of the year. The Japanese company is navigating opposition from unions and the Biden administration, while also facing potential hurdles from the recent election of Donald Trump, who <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">plans to block the deal</a>.
Brookfield launched a sale process for Aveo, a Sydney-based retirement home operator, in June. The Australian reports that the $3-billion company will likely not get sold until 2025. 
<h3 class="wp-block-heading">Notes From The Block</h3>
Jim Cramer expressed optimism about a resurgence in M&amp;A with <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">the incoming Trump administration</a>. Cramer predicts a more lenient approach to M&amp;A approvals compared to the previous administration, which was known for its stringent antitrust scrutiny. The &#8220;Mad Money&#8221; host also highlighted that the regional banking sector could significantly benefit from increased M&amp;A activity, allowing banks to grow by acquiring smaller entities or merging to <a href="https://www.benzinga.com/m-a/24/11/41805370/jim-cramer-hopes-m-a-to-come-back-bigly-under-trump-administration">form larger "super regionals.&#8221;</a>
For last week&#8217;s column, <a href="https://www.benzinga.com/m-a/24/11/41700829/deal-dispatch-tgi-fridays-goes-bankrupt-bhp-backtracks-comments-and-more-m-a-news">click here.</a>
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
</ul>

Asset Sales

AAUKF

ATSG

CSE:SLNG

DBRG

INRE

ROIC

SLGWF

SLNG

TRIP

Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash

Amid political challenges, Nippon Steel Corp.(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) remains optimistic about finalizing its $14.1 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by the end of the year. The Japanese company is navigating opposition from unions and the Biden administration, while also facing potential hurdles from the recent election of Donald Trump, who plans to block the deal.
What Happened: Nippon Steel is determined to proceed with its acquisition of U.S. Steel, despite facing resistance from several fronts. The company argues that the deal will benefit the U.S. economy by creating jobs and enhancing competitiveness against China&#8217;s steel industry, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-07/nippon-steel-still-thinks-us-deal-can-be-completed-this-year">reported </a>on Thursday.
However, Trump&#8217;s election victory has introduced new complications, as he intends to block the acquisition in line with his anticipated isolationist policies. The United Steelworkers union also opposes the deal, citing concerns over job security for its members.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41763537/bitcoin-hits-71k-ethereum-dogecoin-surge-as-results-trickle-in-for-trump-harris-presidenti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hits $71K, Ethereum, Dogecoin Surge As Results Trickle In For Trump-Harris Presidential Battle: A</a>
Vice Chairman Takahiro Mori of Nippon Steel expressed optimism. "Now that the election is over, we believe that there can be constructive discussions about this deal," he said.
The company has received approval from the Committee on Foreign Investment in the United States to refile its bid, extending its timeline to finalize the acquisition. Nippon Steel has also committed to a $1.3 billion investment in U.S. Steel operations and plans to sell its stake in an Alabama mill to address antitrust concerns.
Why It Matters: The acquisition of U.S. Steel by Nippon Steel has been a topic of significant interest, especially following U.S. Steel&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41665667/us-steel-reports-better-than-expected-q3-results-aims-to-close-nippon-steel-deal-by-year-end">better-than-expected third-quarter results</a>, which bolstered confidence in the deal&#8217;s completion by year-end. However, political opposition has been a major hurdle. 
In October, <a href="https://www.benzinga.com/markets/equities/24/10/41445066/as-trump-kamala-harris-and-biden-unite-against-nippon-steels-15b-us-steel-acquisition-japanese-s">Trump, Kamala Harris, and Biden</a> voiced against the acquisition, leading Nippon Steel to increase its lobbying efforts in Washington, spending $1.3 million between July and September. This acquisition is crucial for Nippon Steel&#8217;s strategy to expand its global footprint and compete with Chinese steelmakers, making the outcome of this deal significant for the international steel industry.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But &#8216;Sharp&#8217; Correction Might Be In Store: Analyst Views BTC Between $80-90K By End Of Year</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors
Image by Poetra.RH via Shutterstock

Nippon Steel Remains Confident In $14B US Steel Deal Despite Trump's Resistance: 'There Can Be Constructive Discussions'

The U.S. election results have stirred up first reactions in the markets. Analysts from JPMorgan Chase &amp; Co see Donald Trump&#8217;s return to the White House as a potential shift in the <a href="https://www.benzinga.com/markets/commodities">commodity market</a>.
The bank&#8217;s equity research analyst, Bill Peterson, noted Trump&#8217;s history of deregulation and tariff-heavy policies, suggesting that this approach could lead to greater domestic support for the U.S. steel industry.
&#8220;We expect a broad-based positive knee-jerk reaction for steel equities," Peterson said in a note, pointing to the likely impact of more tariffs on Chinese and Mexican steel. In contrast, metals closely tied to the Chinese market, such as copper, may face downward pressure due to heightened U.S.-China trade tensions.
United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares closed the day rallying over 8%. 
Concerns about tariffs are particularly high in Canada, where Toronto's commodity-heavy market is sensitive to U.S. economic policy. The Toronto Stock Exchange's materials sector has already felt the impact, with GreenFirst Forest Products (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICLTF#OTC">ICLTF</a>) closing Wednesday down 3.40%.
While the U.S. dollar had periods of decoupling from its typically inverse correlation to commodity prices, that was not the case following the election results.
&#8220;A strong U.S. dollar has somewhat weighed on commodity prices," Douglas Porter, chief economist at BMO Capital Markets, said <a href="https://www.reuters.com/markets/tsx-futures-surge-more-than-1-after-trumps-election-victory-2024-11-06/">per</a> Reuters.
Notably, Porter was one of the voices pointing out the elephant in the room: the budget deficit issue. 
"The reality is that neither presidential candidate has offered any serious path to reining in the budget deficit — quite the opposite for the most part," he <a href="https://economics.bmo.com/en/publications/detail/8f1107e4-aca6-4249-8b06-e7f638059877/">wrote</a> in September.
Porter&#8217;s current insight reflects a broader worry that if Trump imposes aggressive tariffs, the Canadian market's reliance on resource exports could be at risk, impacting commodity-driven industries across North America.
Over his first term, Trump has consistently supported the U.S. mining sector. In 2020, he issued an executive order backing critical mineral mining, stating, "A strong America cannot be dependent on imports from foreign adversaries for the critical minerals necessary to maintain our economic and military strength."
Trump&#8217;s 25% tariff on imported steel and 10% on aluminum from 2018 was eventually revoked by the Biden administration.
Trump's emphasis on "American independence" in mining could signal more federal backing for domestic projects if he pursues similar policies in his second term.
Still, experts warn about the necessity from the demand side.
"There's not actually much being done on the demand side to make sure that these products are going to have an off-taker," said John Jacobs, a senior policy analyst at the Bipartisan Policy Center <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/trump-harris-back-mining-but-producers-unsatisfied-83216353">per</a> S&amp;P Global.
Yet, the mining issue might be too complex for any administration to address over a single term. Currently, there are no operational U.S. mines focused on essential battery metals like cobalt or graphite and only one active nickel mine.
Read Next: • <a href="https://www.benzinga.com/markets/equities/24/11/41785495/us-treasuries-take-sharpest-plunge-in-a-year-ahead-of-fed-meeting-could-powell-adjust-stance-in-">US Treasuries Take Sharpest Plunge In A Year Ahead Of Fed Meeting: Could Powell Adjust Stance In Response To Trump?</a>
Photo by QinJin on Shutterstock

Commodities

Global

ICLTF

Trump's Victory A Tailwind For Domestic Steel, Risk For Canada, Say Analysts

United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) announced Thursday its <a href="https://www.benzinga.com/news/earnings/24/10/41665667/us-steel-reports-better-than-expected-q3-results-aims-to-close-nippon-steel-deal-by-year-end">third-quarter earnings</a>, reporting a profit of 56 cents per share, exceeding analyst forecasts of 47 cents. The company also generated revenue of $3.85 billion, surpassing expectations of $3.77 billion.
The company achieved an adjusted EBITDA of $319 million, demonstrating resilience despite lower selling prices. CEO David B. Burritt noted strong performance in the North American Flat-Rolled (NAFR) segment.
Looking ahead, U.S. Steel expects fourth-quarter adjusted EBITDA between $225 million and $275 million, and continues to work towards finalizing its deal with Nippon Steel by year-end. 
Here&#8217;s how analysts <a href="https://www.benzinga.com/quote/X/analyst-ratings">view the company</a> following third-quarter results.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41690154/shock-october-jobs-report-leaves-fed-in-tight-spot-experts-say-interest-rate-cuts-a">Shock October Jobs Report Leaves Fed In &#8216;Tight Spot&#8217;: Experts Say Interest Rate Cuts Ahead</a>
KeyBanc analyst Philip Gibbs highlighted positive factors such as better NAFR pricing and European carbon credit benefits, though performance in the Mini Mill/Big River and Tubular segments lagged.
U.S. Steel&#8217;s fourth quarter adjusted EBITDA expectations came in higher than KeyBanc&#8217;s $205 million estimate, but anticipates a decline in NAFR pricing and weaker European results. The company also raised its 2024 capex budget to $2.3 billion due to cost overruns, with a 2025 capex plan of $1 billion.
Regarding the potential transaction with Nippon Steel, U.S. Steel hopes to close the deal by year-end. However, there are concerns about political opposition and regulatory reviews.
BMO Capital Markets analyst Katja Jancic noted how capex has increased for the second consecutive quarter to approximately $2.3 billion, which is disappointing; however, half of this increase is attributed to costs being pulled forward. 
Despite this, a significant decline in capex is expected for 2025 and beyond, with plans to reduce it to around $1 billion. BMO is lowering their estimates due to ongoing demand and pricing softness, setting a new price target of $43, down from the previous target of $45 alongside an Outperform rating.
Overall, BMO maintains a positive outlook on U.S. Steel&#8217;s investments translating into improved profitability and free cash flow over time.
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/11/41689431/oil-prices-almost-recoup-week-losses-as-iran-mulls-retaliatory-attack-against-israel-prior-to-us-e">Oil Prices Almost Recoup Week Losses As Iran Mulls Retaliatory Attack On Israel Prior To US Elections</a>
<h2 class="wp-block-heading">How To Buy X Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange-traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in United States Steel&#8217;s case, it is in the Materials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, X has a 52-week high of $50.20 and a 52-week low of $26.92.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41663633/biggest-gold-etf-posts-highest-monthly-inflows-in-2-5-years-as-investors-rush-to-" target="_blank" rel="noreferrer noopener">Biggest Gold ETF Posts Highest Monthly Inflows In 2.5 Years As Investors Rush To Safe Haven Ahead Of Presidential Election</a></li>
</ul>
Image: Shutterstock

US Steel Releases Q3 Earnings, Raises Capital Expenditures To $2.3 Billion

United States Steel's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) short percent of float has risen 4.9% since its last report. The company recently reported that it has 16.74 million shares sold short, which is 7.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.27 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>United States Steel Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730484051_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for United States Steel has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing United States Steel's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, United States Steel's peer group average for short interest as a percentage of float is 4.39%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into United States Steel's Recent Short Interest

BMO Capital analyst Katja Jancic maintains United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) with a Outperform and lowers the price target from $45 to $43.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on United States Steel, Lowers Price Target to $43

Guidance

United States Steel Now Expects 2024 Capital Spending Will Be $2.3B; Expects Total Capital Spend For BR2 Will Be About $3.6B

United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) reported its third-quarter results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/b41664441/united-states-steel-corporation-reports-third-quarter-2024-results">details from the report.  </a>
The Details: U.S. Steel reported quarterly earnings of 56 cents per share which beat the analyst consensus estimate of 47 cents. Quarterly revenue came in at $3.85 billion, which beat the consensus estimate of $3.77 billion.
U.S. Steel said it will continue to work to close the deal with Nippon Steel by the year&#8217;s end. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41631795/reddit-remains-a-favorite-for-wall-street-after-emphatic-beat-and-raise-in-q3">Reddit &#8216;Remains A Favorite&#8217; For Wall Street After &#8216;Emphatic Beat And Raise&#8217; In Q3</a>
&#8220;Third quarter adjusted EBITDA of $319 million demonstrated resilience in our business model despite the weaker average selling prices experienced across our operating segments. The North American Flat-Rolled segment continued to benefit from a strong commercial strategy that leveraged a diverse product mix and a purposeful increase in contracted volumes across the end markets we serve,&#8221; said U. S. Steel CEO David B. Burritt. 
Outlook: U.S. Steel said it expects fourth-quarter adjusted EBITDA in the range of $225 million to $275 million.
X Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, U.S. Steel shares are down 0.90% after-hours at $38.50 at the time of publication Thursday.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41497160/starbucks-analysts-bullish-on-ceo-brian-niccol-after-tough-preannouncement-zeroing-">Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: &#8216;Zeroing In&#8217; On Right Issues</a></li>
</ul>
Image: Shutterstock

Earnings

After-Hours Center

Movers

US Steel Reports Better-Than-Expected Q3 Results, Aims To Close Nippon Steel Deal By Year End

United States Steel Corp Says Continue To Work Towards Closing Transaction With Nippon Steel By Year-End

Q4 2024 Outlook
We expect fourth quarter adjusted EBITDA in the range of $225 million and $275 million. Our North American Flat-Rolled segment results should decrease slightly, driven largely by lower lagging average selling price expectations for the quarter. We expect an improvement in Mini Mill segment results, even after accounting for $25 million of related start-up and one-time construction costs at BR2, reflecting an expected improvement in average selling prices. In Europe, results are expected to be lower given the absence of the positive CO2 allocations and weak underlying demand and pricing conditions. Our Tubular segment results should be largely consistent with the third quarter.

U.S. Steel Sees Q4 Adjusted EBITDA In The Range Of $225M-$275M

United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.47 by 19.15 percent. This is a 60 percent decrease over earnings of $1.40 per share from the same period last year. The company reported quarterly sales of $3.85 billion which beat the analyst consensus estimate of $3.77 billion by 2.20 percent. This is a 13.04 percent decrease over sales of $4.43 billion the same period last year.

Earnings Beats

United States Steel Q3 Adj $0.56 Beats $0.47 Estimate, Sales $3.85B Beat $3.77B Estimate

Financial giants have made a conspicuous bearish move on United States Steel. Our analysis of options history for United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $388,727, and 3 were calls, valued at $213,302.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $45.0 for United States Steel over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for United States Steel's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of United States Steel's whale trades within a strike price range from $25.0 to $45.0 in the last 30 days. 
<h3>United States Steel Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730320242_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.41</td>
<td>$1.06</td>
<td>$1.3</td>
<td>$25.00</td>
<td>$260.0K</td>
<td>40.2K</td>
<td>2.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.0</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$45.00</td>
<td>$102.8K</td>
<td>62.8K</td>
<td>501</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.75</td>
<td>$3.7</td>
<td>$3.75</td>
<td>$45.00</td>
<td>$69.3K</td>
<td>62.8K</td>
<td>223</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$1.43</td>
<td>$0.97</td>
<td>$1.05</td>
<td>$40.50</td>
<td>$41.0K</td>
<td>2.0K</td>
<td>401</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.55</td>
<td>$3.5</td>
<td>$3.55</td>
<td>$35.00</td>
<td>$35.8K</td>
<td>97.5K</td>
<td>725</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
Having examined the options trading patterns of United States Steel, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>United States Steel's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,414,302, the price of X is up by 0.18%, reaching $39.53.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 1 days from now.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United States Steel with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Unpacking the Latest Options Trading Trends in United States Steel

To secure its proposed acquisition of United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), Japanese steelmaker Nippon Steel (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) has boosted its lobbying spending in Washington.
What Happened: Nippon Steel has spent $1.3 million on lobbying between July and September, a substantial increase from the $1.1 million spent in the preceding seven months, according to a <a href="https://lda.senate.gov/filings/public/filing/4966e2b0-b81c-4186-b0c7-32633e4acc86/print/">disclosure</a> by the firm hired by the Japanese steelmaker.
The company is facing resistance from U.S. lawmakers, who have expressed concerns over the proposed $15 billion acquisition.
Nippon Steel hired Akin Gump Strauss Hauer &amp; Feld to lobby on issues related to the merger. The firm <a href="https://lda.senate.gov/filings/public/filing/c57e786a-a603-4359-b96a-bea177a6fa78/print/">disclosed</a> lobbying activities with various government bodies, including the House, Senate, and the Office of the U.S. Trade Representative.
The surge in lobbying spending coincides with a crucial phase for the merger in Washington. President Joe Biden was reportedly <a href="https://www.benzinga.com/m-a/24/09/40724057/biden-administration-reportedly-warns-nippon-steels-14-9b-acquisition-of-us-steel-poses-national-sec">set to block the acquisition in September</a>, prompting Nippon Steel&#8217;s vice chair to make a last-ditch effort to save the deal. 
The Committee on Foreign Investment in the United States (CFIUS) subsequently allowed Nippon Steel to refile its <a href="https://www.benzinga.com/government/24/09/40922003/us-steel-merger-faces-post-election-decision-as-national-security-fears-stall-nippon-deal">bid after the election</a>.
Nippon Steel did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here&#8217;s More</a>
Why It Matters: The increased lobbying expenditure by Nippon Steel comes amid strong opposition to the acquisition from both sides of the political spectrum. This move reflects the company&#8217;s determination to push through the deal despite the challenges it faces in Washington.
Earlier in September, Democratic presidential candidate Kamala Harris <a href="https://www.benzinga.com/markets/equities/24/09/41045029/amid-nippon-us-steel-debacle-kamala-harris-stresses-importance-of-us-steel-production-even-if-it">emphasized the importance of maintaining domestic control over steel production</a>, even if it results in job losses. This stance aligns with the concerns expressed by U.S. lawmakers regarding the potential impact of the acquisition on American jobs and national security.
Meanwhile, former President&nbsp;Donald Trump&nbsp;has vowed to <a href="https://www.benzinga.com/markets/equities/24/09/40912183/amid-trump-and-harris-opposition-to-nippon-steels-14b-bid-for-us-steel-national-security-panel-t">block the deal if he is re-elected</a>.
Despite the opposition, Nippon Steel secured a favorable arbitration ruling in its <a href="https://www.benzinga.com/markets/equities/24/09/41038172/amid-resistance-from-harris-and-trump-nippon-steel-scores-favorable-arbitration-ruling-in-14-9b-">$15 billion acquisition of U.S. Steel</a>. The ruling, however, did not change the United Steelworkers&#8217; (USW) opposition to the deal.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41420488/shiba-inu-ready-for-a-lift-off-to-the-moon-popular-analyst-predicts-50-surge-for-memecoin-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Ready For A Lift-Off To The Moon? Popular Analyst Predicts 50% Surge For Memecoin As Burn Rate Spikes 389%</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

NPSCY

As Trump, Kamala Harris, And Biden Unite Against Nippon Steel's $15B US Steel Acquisition, Japanese Steelmaker Spends $1.3M On Lobbying Efforts

Nippon Steel's (NPSCY) top executives are meeting local officials and workers of U.S. Steel (X) in Pennsylvania as the company makes a post-electio...

Nippon Steel pushes to get U.S. Steel deal cleared, FT reports

Bearish flow noted in US Steel with 15,628 puts trading, or 3x expected. Most active are Jan-25 35 puts and 11/29 weekly 41 calls, with total volum...

US Steel put volume heavy and directionally bearish

High Alpha stocks that are rated 'overweight' – MS

US Steel rises amid report Gov. Josh Shapiro will meet with Nippon Steel official

BlackRock Event Driven Equity Fund Q3 2024 Commentary

US Steel jumps amid Nippon Steel's US visit, meeting with governor

Steelmaker U.S. Steel ($X) saw its shares surge on Wednesday as confidence in the completion of its $14.1 billion sale to Nippon Steel ($JP:5401) i...

Comments

United States Steel

Notizie

Ultime notizie per United States Steel (NYSE:X) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO