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

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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.
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<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.
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Image: Shutterstock

News

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

Trading 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.
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</ul>
Image: Shutterstock

Earnings

Commodities

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.

Options

Markets

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.
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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

NISTF

NPSCY

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

Former President Donald Trump shared his thoughts on tariffs, a potential breakup of Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), taxes, the Federal Reserve and more during an interview Tuesday at the Economic Club of Chicago, covering several topics that could be key to winning the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
What Happened: The interview, which was conducted by Bloomberg Editor-in-Chief John Micklethwait was tense at times over <a href="https://www.benzinga.com/real-estate/24/10/41333498/trumps-tariffs-vs-harriss-taxes-which-will-hit-luxury-real-estate-harder-experts-weigh-in">topics like tariffs</a>.
During the interview and shortly after, shares of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) fell and were halted, potentially due to the former president's comments.
Shares of Trump Media &amp; Technology fell as low as $25.11 on Tuesday and finished the day down 9.6% at $27.06.
The stock rose Monday after the media company<a href="https://www.benzinga.com/news/24/10/41317581/whats-going-on-with-trump-media-technology-stock-monday"> announced the launch </a>of the Truth+ streaming platform.
Trump on Economy: Trump said his policies will bring back growth to the United States.
"We're all about growth," Trump said, as <a href="https://www.bloomberg.com/news/articles/2024-10-15/trump-defends-economic-agenda-saying-tariffs-will-fuel-growth?sref=TBDibEcD">reported </a>by Bloomberg. "We're going to bring companies back to our country."
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</ul>
 Trump on Tariffs: During the interview, Trump argued against the notion that increasing tariffs on foreign goods could negatively impact American jobs, saying higher tariffs could protect "the companies that we have here and the new companies that will move in."
"It's going to have a massive effect, positive effect," Trump said. "The higher the tariff, the more likely it is that the company will come into the United States, and build a factory in the United States so it doesn't have to pay the tariff."
The comments come as Trump has proposed a 60% tariff on imports from China and 10% on the rest of the world.
Trump also said Tuesday that he would block the sale of United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) to Nippon Steel Corp if he's able.
"I think it sets a horrible tone. There are certain companies you have to have."
Trump said steel is critical to the country&#8217;s national security.
Trump on Federal Reserve: During the interview, Trump was asked Tuesday about removing Federal Reserve Chairman Jerome Powell.
The former president said if he is reelected, he should be able to give input on if interest rates should change, regardless of who is in charge of the Federal Reserve.
"I think that if you're a very good president with good sense, you should be able to at least talk to him."
Trump did not confirm whether he would remove Powell but joked about how easy the job is to be Federal Reserve chairman.
"I think it's the greatest job in government. You show up to the office once a month and you say, ‘let's flip a coin' and everybody talks about you like you're a God."
Trump on Breaking Up Google: Another economic topic that came up during the interview was the <a href="https://www.benzinga.com/general/politics/24/07/39873381/trump-vp-pick-j-d-vance-worth-watching-for-potential-google-breakup-market-strategist-says-not-a">breakup of big technology companies</a> like Alphabet Inc, the parent company of Google.
Trump wouldn't say if he would push to have the company broken up if he returns to the presidency, but he would like to see changes made.
"What you can do without breaking it up is make sure that it's more fair. They do treat me very badly."
Trump&#8217;s comments come as the Department of Justice considers breaking up the company over alleged monopolistic practices in the online search sector.
Trump on Vladimir Putin: Trump brushed off a question on whether he had remained in contact with Russian President Vladimir Putin since leaving the White House, which comes as a book by Bob Woodward<a href="https://www.benzinga.com/general/politics/24/10/41235596/trump-secretly-stayed-in-contact-with-putin-after-leaving-office-upcoming-bob-woodward-book-alle"> alleges the two have talked since</a> then.
"Well, I don't comment on that, but I will tell you that if I did, it's a smart thing," Trump said. "If I'm friendly with people, if I have a relationship with people, that's a good thing, not a bad thing."
Trump said his strong relationship with Putin was a positive while he was in office.
Trump on 2024 Election: Asked about the 2024 election being a close head-to-head battle with Kamala Harris, Trump said he remains confident in a victory in November.
"Based on the votes that are coming in so far, we're doing very well," Trump said.
The former president said Pennsylvania and Michigan are two of the top states he's watching for the election as swing states continue to play a pivotal role in deciding the winner. &nbsp;
DJT Price Action: Trump Media &amp; Technology shares are up 31% over the last five days. The stock has been increasingly volatile during the 2024 election cycle.
Since the <a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">company completed its merger </a>with Digital World Acquisition Corporation in March, the stock has often traded with heavy volume or been halted due to key election events like the presidential debates, election polls, and President Joe Biden dropping out of the race. The stock has also been volatile due to legal proceedings involving the former president.
Sometimes considered a meme stock, Trump Media &amp; Technology Group has often traded more as a play on backing Trump and his potential election win and less so on fundamentals and valuation of the social media company and assets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/09/40943414/donald-trump-can-cash-out-his-trump-media-technology-stock-keep-company-control-heres-how-ma">Donald Trump Can Cash Out His Trump Media &amp; Technology Stock, Keep Company Control: Here&#8217;s How Many Shares He Owns</a></li>
</ul>
Photo: Shutterstock

Politics

GOOG

GOOGL

Trump Goes On The Defense About 'Massive Effect' Of Tariffs, Economic Growth, Putin Relationship: DJT Shares Fall

Watching Shares Of United States Steel; Donald Trump Says If Elected He Will Stop The Merger Between U.S. Steel And Japan's Nippon If Not Completed

United States Steel's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) short percent of float has fallen 32.03% since its last report. The company recently reported that it has 15.95 million shares sold short, which is 7.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.58 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/2024/1729008922_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 declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less 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 4.28%, 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.

How Is The Market Feeling About United States Steel?

The Transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of US Steel. The Transaction is subject to NSC completing its pending acquisition of US Steel, which is subject to various other regulatory requirements.
Under the terms of the agreement, ArcelorMittal will pay&nbsp;$1&nbsp;consideration for the Transaction; further, NSC will inject cash and forgive partner loans in an amount estimated to be approximately&nbsp;$0.9 billion.

Nippon Steel Exits Calvert Joint Venture, Selling Stake To ArcelorMittal In Strategic Move Tied To U.S. Steel Deal

5 analysts have expressed a variety of opinions on United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $42.11, along with a high estimate of $49.00 and a low estimate of $38.57. This current average represents a 5.37% decrease from the previous average price target of $44.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1728572502_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive United States Steel is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gordon Johnson</td>
<td>GLJ Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$38.57</td>
<td>-</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Christopher LeFemina</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$41.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Carlos De Alba</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$49.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$43.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to United States Steel. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of United States Steel compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into United States Steel's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/X/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on United States Steel analyst ratings.</a>
<h2>About United States Steel</h2>
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.
<h3>Understanding the Numbers: United States Steel's Finances</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining United States Steel's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -17.77% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: United States Steel's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 4.44%, the company may face hurdles in effective cost management.
Return on Equity (ROE): United States Steel's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.62% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.9%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.38, United States Steel adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For United States Steel

Deep-pocketed investors have adopted a bearish approach towards United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in X usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for United States Steel. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 41% leaning bullish and 52% bearish. Among these notable options, 13 are puts, totaling $1,496,460, and 4 are calls, amounting to $133,520.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $52.5 for United States Steel during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United States Steel's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United States Steel's substantial trades, within a strike price spectrum from $25.0 to $52.5 over the preceding 30 days.
<h3>United States Steel Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727972422_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.2</td>
<td>$9.0</td>
<td>$9.2</td>
<td>$40.00</td>
<td>$183.9K</td>
<td>5.6K</td>
<td style="text-align: right;">802</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.2</td>
<td>$9.0</td>
<td>$9.2</td>
<td>$40.00</td>
<td>$183.9K</td>
<td>5.6K</td>
<td style="text-align: right;">602</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.2</td>
<td>$9.0</td>
<td>$9.2</td>
<td>$40.00</td>
<td>$183.9K</td>
<td>5.6K</td>
<td style="text-align: right;">402</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.75</td>
<td>$15.6</td>
<td>$15.9</td>
<td>$50.00</td>
<td>$157.4K</td>
<td>7.3K</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.0</td>
<td>$15.6</td>
<td>$16.0</td>
<td>$50.00</td>
<td>$156.8K</td>
<td>7.3K</td>
<td style="text-align: right;">100</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.
<h3>Present Market Standing of United States Steel</h3>
<ul>
<li>With a volume of 768,153, the price of X is up 0.9% at $34.91. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<h3>Professional Analyst Ratings for United States Steel</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $40.52333333333333.
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; Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on United States Steel with a target price of $41. 
&#x2A; Showing optimism, an analyst from GLJ Research upgrades its rating to Buy with a revised price target of $38. 
&#x2A; Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $42. 
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.

This Is What Whales Are Betting On United States Steel

Macro Economic Events

Global

Economics

Senator Warren Says No Need For U.S. Steel To Sell To Foreign-Owned Entity

U.S. Steel Says Does Not Expect "Significant Impacts" From U.S. Port Strike

<a href="https://www.youtube.com/watch?v=MzTZCQNj5W8" title="https://www.youtube.com/watch?v=MzTZCQNj5W8">https://www.youtube.com/watch?v=MzTZCQNj5W8</a>

Biden Says He Hasn't Changed His Stance On US Steel

Democratic presidential candidate Kamala Harris emphasized the importance of maintaining domestic control over steel production, even if it results in job losses. 
What Happened: Harris stated during an interview with <a href="https://www.youtube.com/watch?v=36ovmQj7gbQ">MSNBC</a>, that keeping American manufacturing of steel by American workers is crucial. 
"It's most important that we maintain America's ability to have American manufacturing of steel by American workers," Harris said.
"An American company manufacturing that steel for those new industries is going to be critically important, not only in terms of our economy, but also in the context of national security," Harris continued.
This comes in response to a proposed $14.1 billion deal for Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) to acquire United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). Harris highlighted her economic policy, which includes investing in sectors like bio-manufacturing, aerospace, AI, blockchain, and nuclear energy, all requiring domestic steel production.
U.S. Steel CEO David Burritt previously told the Wall Street Journal that the company might have to shut down plants and relocate its headquarters from Pittsburgh if the deal does not go through. However, Harris argued that American-made steel is vital for the economy and national security.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Kamala Harris' first solo network interview as 2024 candidate I MSNBC Exclusive" width="500" height="281" src="https://www.youtube.com/embed/36ovmQj7gbQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Harris&#8217; comments are among the most detailed explanations from the Biden administration regarding their stance on the acquisition. She met with steel workers in Pittsburgh, whose union opposes the deal. An arbitration panel recently sided with U.S. Steel in a labor dispute related to the deal, but other hurdles remain, including a review by the Committee on Foreign Investment in the United States.
See Also: <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Data Scientist Who Called 2020 Election Correctly Says Its Gone From &#8216;Drastic Landslide In Trump&#8217;s Direction To A drastic landslide For Harris&#8217;</a>
Why It Matters: The arbitration panel&#8217;s decision in favor of Nippon Steel Corp. was a significant development in the $14.9 billion acquisition of United States Steel Corp. The panel, selected by both the company and the United Steelworkers (USW) union, <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-">determined that U.S. Steel</a> had met all conditions of the successorship clause in its labor agreement with the USW. Despite this ruling, the union remains opposed to the acquisition.
Earlier this month, Dave McCall, President of the United Steelworkers, <a href="https://www.benzinga.com/markets/equities/24/09/40846637/kamala-harris-opposed-14-1b-nippon-steel-acquisition-of-us-steel-labeled-by-united-steelworkers-">expressed strong opposition </a>to the deal. In a memo to the White House, he criticized US Steel executives for attempting to divide union members and retirees to gain personal financial benefits from the acquisition.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41022725/trump-vs-harris-vice-presidents-favorability-hits-record-high-but-faces-setback-on-this-key-election?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Vice President&#8217;s Favorability Hits Record High, But Faces Setback On This Key Election Issue</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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

Amid Nippon-US Steel Debacle, Kamala Harris Stresses Importance Of US Steel Production, Even If It Means Job Losses: 'Critically Important, Not Only In Terms Of Our Economy, But Also In The Context Of National Security'

US Steel Q3 2024 Earnings Preview

Pre-earnings options volume in US Steel is normal with puts leading calls 8:5. Implied volatility suggests the market is anticipating a move near 3...

US Steel options imply 3.7% move in share price post-earnings

Reports Q3 revenue $3.85B, consensus $3.77B. Commenting on the Company's third quarter performance, U. S. Steel President and Chief Executive Offic...

U.S. Steel reports Q3 adjusted EPS 56c, consensus 47c

The company said, "We expect fourth quarter adjusted EBITDA in the range of $225 million and $275 million. Our North American Flat-Rolled segment r...

U.S. Steel sees Q4 adjusted EBITDA $225M-$275M

US Steel Non-GAAP EPS of $0.56 beats by $0.09, revenue of $3.85B beats by $260M

US Steel declares $0.05 dividend

Earnings Snapshot: US Steel beats Q3 consensus; sets EBITDA expectations for current quarter

United States Steel Corp ( ($X) ) has released its Q3 earnings. Here is a breakdown of the information United States Steel Corp presented to its in...

United States Steel Corporation Reports Resilient Q3 2024

BMO Capital analyst Katja Jancic maintained a Buy rating on United States Steel (X – Research Report) yesterday and set a price target of $43.00. K...

Strategic Transformation and Growth Prospects Bolster United States Steel's Buy Rating

United States Steel Corp (X) has disclosed a new risk, in the Accounting & Financial Operations category. United States Steel Corp may face potenti...

Lack of Transparency in U.S. Steel's Disclosures Sparks Investor Concerns

Press Releases

U. S. Steel, USW and Wheeling-Nippon File Trade Cases on Imports of Corrosion-Resistant Steel

U. S. Steel Announces ZMAG™, A Superior Coated Steel Product Made to Tackle the Harshest Conditions

United States Steel Corporation Provides Third Quarter 2024 Guidance

U. S. Steel Earns World's First Ever Certification for ResponsibleSteel™ Certified Steel at its Big River Steel Operation

Board of Arbitration Rules in Favor of U. S. Steel, Affirming Transaction with Nippon Steel

Nippon Steel Investment Would Generate Incremental Economic Impact of Nearly $1 Billion in Pennsylvania Beyond Base Investment

United States Steel Corporation to Release Third Quarter 2024 Financial Results on October 31, 2024

U. S. Steel Featured in Episode of "Inside the Blueprint" Airing on Bloomberg TV

United States Steel Corporation Reports Third Quarter 2024 Results

United States Steel Corporation Declares Dividend

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