United States Steel Corp. ( X ) saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for X as the stock is now up about 9% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the integrated steel producer has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
X currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the same sector include Universal Stainless & Alloy Products Inc.
), Olympic Steel Inc.
) and ThyssenKrupp AG
). While Universal Stainless holds a Zacks Rank #1 (Strong Buy), Olympic Steel and ThyssenKrupp carry a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportUTD STATES STL (X): Free Stock Analysis ReportUNVL STAINLESS (USAP): Free Stock Analysis ReportOLYMPIC STEEL (ZEUS): Free Stock Analysis ReportTHYSSEN A G (TYEKF): Get Free ReportTo read this article on Zacks.com click here.Zacks Investment Research