(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.
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