News Recap: United States Steel Corporation (NYSE:X)

United States Steel Corporation (NYSE:X) stock identified change of 16.52% away from 52-week low price and recently located move of -74.25% off 52-week high price. It has market worth of $1.06B and dividend yield of 3.02%. X stock has been recorded -38.40% away from 50 day moving average and -54.96% away from 200 day moving average. Moving closer, we can see that shares have been trading -24.47% off 20-day moving average.

On March 20, 2020, United States Steel Corporation (NYSE:X) provided first quarter 2020 guidance. First quarter 2020 adjusted EBITDA is expected to be approximately $30 million. The Company expects first quarter 2020 adjusted diluted loss per share to be approximately ($0.80).

Through the quarter, our Flat-rolled operations have performed well, and we are recognizing the operational and financial benefits of the investments in our assets that we have made over the past several years. Strong performance on reliability, quality, and productivity, combined with a continued focus on driving sustainable cost improvements across the footprint, have contributed to a better than expected first quarter to date, commented President and Chief Executive Officer David B. Burritt. The Tubular market continues to be challenging and conditions in Europe remain volatile. We are focused on preserving cash and liquidity in the current market environment.

Burritt continued, At U. S. Steel, safety is our top priority and we are continuing to set records related to safety performance, another indication that our facilities are running efficiently and reliably. We continue to monitor the impacts of the Coronavirus and are following policies and procedures recommended by health and government officials to ensure our employees are working in a safe and healthy environment. We understand the situation remains fluid and we are preparing our operations to be flexible as circumstances may warrant. Our regional supply chain minimizes the risk of significant supply-chain related production disruptions and we continue to work with our customers to provide value-added steel solutions as we execute our world-competitive, ‘best of both’ strategy.

The Basic Materials sector company, United States Steel Corporation noticed change of 0.19% to $5.29 along volume of 23827318 shares in recent session compared to an average volume of 16.46M. The stock observed return of -2.40% in 5 days trading activity. The stock was at -42.93% over one month performance. X’s shares are at -61.13% for the quarter and driving a -73.94% return over the course of the past year and is now at -53.64% since this point in 2018.

The average volatility for the week at 16.46% and for month was at 10.70%. There are 200.91M shares outstanding and 167.75M shares are floated in market. Right now the stock beta is 3.03.