Markets
X

United States Steel Slides On Downgrade

(RTTNews) - United States Steel Corp (X) shares are sliding on Monday morning trade, after a downgrade by Morgan Stanley. The metal prices have been on a downtrend and the company is planning for expansion of its facilities.

Current rating for U.S. Steel is "underweight."

Currently, shares are at $20.56, down 7 percent from the previous close of $22.11 on a volume of 9,753,555. For the 52-week period, the shares have traded in a range of $8.82-$30.57 on average volume of 20425,495.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

X

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More