United States Steel (X) Jumps: Stock Rises 7.8%

United States Steel Corporation X was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $24.98-$28.69 in the past one-month time frame, showed a sharp increase yesterday.

The move came after the company reported solid third-quarter 2017results.

The company has seen a mixed track record when it comes to estimate revisions of one increase and two decreases in the past one month, while the Zacks Consensus Estimate has moved lower in the same time period. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

United States Steel currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

A better-ranked stock in the Steel – Producers industry is Angang Steel Company Limited ANGGY, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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