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Stock Market & Financial Investment News

News Breaks
December 14, 2012
15:33 EDTXUS Steel volatility flat; shares at seven-month high
US Steel December and January call option implied volatility is at 38, April is at 39; below its 26-week average of 45 according to Track Data, suggesting decreasing price movement.
News For X From The Last 14 Days
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September 2, 2015
08:34 EDTXU.S. Steel added to Analyst Focus List at JPMorgan
JPMorgan analyst Michael Gambardella added Overweight-rated U.S. Steel (X) to the firm's Analyst Focus List and removed Underweight-rated Allegheny Technologies (ATI). The pending steel trade cases could serve as positive catalysts and more than offset the headwind of a strong U.S. dollar, Gambardella tells investors in a research note. He removed Allegheny as a short feeling most of the downside risk has played out. The analyst has a $28 price target for U.S. Steel and $17.50 target for Allegheny.
August 24, 2015
10:32 EDTXU.S. Steel says acted to effectuate hard freeze of some benefits
In a regulatory filing from Friday evening, U.S. Steel disclosed that on August 17, United States Steel Corporation, acted to effectuate a hard freeze of benefits accrued under each of the following plans effective as of December 31, 2015: (i) the United States Steel Corporation Plan for Employee Pension Benefits and each provision, rule part, plan or program thereunder as applicable to non-union employees; (ii) the United States Steel Corporation Non Tax-Qualified Pension Plan; and (iii) the United States Steel Corporation Executive Management Supplemental Pension Program. As a result, from and after December 31 all benefit accruals under each Plan shall cease and no participant in any Plan will receive credit under the Plan for further service to the Corporation or its subsidiaries and the compensation levels resulting from any such further service will not be relevant to the determination of benefits payable under the Plans. The Non Tax-Qualified Plan and the Supplemental Plan provide benefits to Mr. Douglas Matthews, one of our Named Executive Officers. As described above, on August 1 , the Corporation enacted a hard freeze of benefits accrued under its DB Plan effective December 31. Participants of the DB Plan will be transitioned to a defined contribution retirement plan at that time. The Corporation will perform a remeasurement of the DB Plan, and will report these results in its quarterly report on Form 10-Q for the quarter ended September 30.
09:18 EDTXOn The Fly: Pre-market Movers
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August 23, 2015
13:07 EDTXU.S. Steel shares could rally 60% to $28 by late 2016, Barron's says
Shares of U.S. Steel could rise more than 60% to $28 by the end of 2016 as steel prices increase, cost cutting measures take effect, and Chinese imports decline given an import tariff scheduled for November, Barron's contends in a feature article. Reference Link
August 21, 2015
08:26 EDTXU.S. Steel initiated with a Sell at Axiom
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