Stock Traders Purchase High Volume of Call Options on United States Steel (X)
United States Steel (NYSE:X) saw some unusual options trading on Friday. Traders acquired 29,425 call options on the company, Stock Ratings Network.com reports. This is an increase of approximately 120% compared to the typical daily volume of 13,378 call options.
In other United States Steel news, Director Murry Gerber bought 14,400 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $25.21 per share, with a total value of $363,024.00. Following the transaction, the director now directly owns 136,088 shares of the company’s stock, valued at approximately $3,430,778. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on X. Analysts at Zacks upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $31.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of United States Steel from a “neutral” rating to a “sell” rating in a research note on Tuesday. They now have a $23.00 price target on the stock, down previously from $28.00. Finally, analysts at Macquarie upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 30th. They now have a $30.00 price target on the stock, up previously from $24.00. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.20.
Shares of United States Steel (NYSE:X) traded up 2.48% on Friday, hitting $27.23. 7,062,284 shares of the company’s stock traded hands. United States Steel has a 52 week low of $15.80 and a 52 week high of $31.15. The stock’s 50-day moving average is $27.35 and its 200-day moving average is $23.85. The company’s market cap is $3.941 billion.
United States Steel (NYSE:X) last announced its earnings results on Tuesday, January 28th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.25) by $0.16. On average, analysts predict that United States Steel will post $1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, February 10th.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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