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U.S. Steel Corporation: Has the Storm Settled Down?

Mark O'Hara
U.S. Steel Corporation: Has the Storm Settled Down?

U.S. Steel Corporation (X) released its 1Q18 earnings on April 26 after the markets closed. Although the company managed to post better-than-expected earnings during the quarter, it saw a selling spree after its 1Q18 earnings release. The stock made an intraday low of $31.87 on April 27 before settling at $32.37—a 14.1% loss compared to the previous day. U.S. Steel Corporation continued to witness wild price swings last week.