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United States Steel Corporation (X)

NYSE - NYSE Delayed Price. Currency in USD
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7.79+0.15 (+1.96%)
At close: 4:00PM EDT

7.74 -0.05 (-0.64%)
After hours: 6:44PM EDT

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Chart Events
Neutralpattern detected
Previous Close7.64
Bid7.74 x 1100
Ask7.77 x 1800
Day's Range7.47 - 7.88
52 Week Range4.54 - 14.52
Avg. Volume14,170,360
Market Cap1.717B
Beta (5Y Monthly)2.49
PE Ratio (TTM)N/A
EPS (TTM)-10.10
Earnings DateOct 29, 2020 - Nov 02, 2020
Forward Dividend & Yield0.04 (0.52%)
Ex-Dividend DateAug 07, 2020
1y Target Est6.08
  • Benzinga

    Analyzing United States Steel's Unusual Options Activity

    United States Steel (NYSE: X) shares experienced unusual options activity on Wednesday. The stock price moved up to $7.71 following the option alert. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2020-08-21 * Strike Price: $7.50 * Volume: 1885 * Open Interest: 52913 Signs of Unusual Options Activity Exceptionally large volume is one way options activity can be considered unusual. The volume of options activity refers to the number of shares contracts traded for a day. Contracts that have been traded, but not closed by a counter-party, are called open interest. A purchased contract cannot be considered closed until there exists both a buyer and seller for the option.Another gauge of unusual options activity is a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.Using These Options Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * United States Steel's Debt Overview * Earnings Outlook For United States Steel(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Reuters

    Golf-Day determined to get back to number one - former coach

    A resurgent Jason Day is determined to reclaim the world number one ranking after contending at the PGA Championship, his former coach Colin Swatton said on Wednesday. Flying solo after splitting with long-time mentor Swatton last month, Day finished tied for fourth in San Francisco behind winner Collin Morikawa after recording three top-10 finishes since the U.S. tour's resumption. "He's taken responsibility for his game and his swing," Swatton told Australian Associated Press.

  • Benzinga

    United States Steel's Debt Overview

    Shares of United States Steel Inc. (NYSE: X) moved higher by 9.07% in the past three months. Before having a look at the importance of debt, let's look at how much debt United States Steel has.United States Steel's Debt According to the United States Steel's most recent balance sheet as reported on July 31, 2020, total debt is at $5.66 billion, with $5.50 billion in long-term debt and $154.00 million in current debt. Adjusting for $2.30 billion in cash-equivalents, the company has a net debt of $3.36 billion.Shareholders look at the debt-ratio to understand how much financial leverage a company has. United States Steel has $12.55 billion in total assets, therefore making the debt-ratio 0.45. As a rule of thumb, a debt-ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. For example, a debt ratio of 25% might be higher for one industry, whereas normal for another.Why Shareholders Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.See more from Benzinga * Earnings Outlook For United States Steel(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.