X Stock Recent News

United States Steel stock dropped nearly 6% during Wednesday's trading, accelerating the losing streak from the past week. Nippon Steel Corporation, Japan's largest steelmaker, set out to acquire United States Steel in December 2023, but has faced still opposition from both U.S. Presidents Joe Biden and President-elect Donald Trump.

Price action in the stock market is usually one of the best signs of what's about to come, and all price action is driven by volume. With these two fundamental factors at play, investors can safely assume that a lot of attention was headed to those in the industrial and manufacturing sectors after the United States presidential election results.

With the United States election over, investors are left figuring out which stocks and sectors they should invest in for the coming months. Most of the interest and capital are focused on the technology sector as momentum chasers step on the gas; however, a new trend is about to flip the script.

Donald Trump's return to the White House will present a "modest net negative" for the mining sector in the near-term, analysts predict, but there are many moving parts to how things could turn out, including potential positives. This is based on his election campaign promises for more aggressive trade barriers and a slower transition to renewables and electro vehicles, analysts at Jefferies said.

A Trump victory could mean higher tariffs on foreign steel, with a key merger in limbo.

Donald Trump's re-election and his call to cut government regulation on Wednesday helped boost shares of companies hoping to get regulatory approval for their mergers.

X beat expectations in Q3 amid headwinds from lower overall shipments and prices.

While the top- and bottom-line numbers for U.S. Steel (X) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

United States Steel (X) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $1.40 per share a year ago.

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, December 11, 2024, to stockholders of record at the close of business on Monday, November 11, 2024. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company's customer-centric Best for All® str.