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News Breaks | | | | March 19, 2013 | | 09:56 EDT |  | X | US Steel options active on renewed takeover chatter
US Steel on total put volume of 13K contracts (7K calls). April put 40, May is at 43, July is at 41; compared to its 26-week average of 43 according to Track Data. Active option volume suggests traders taking positions for large price movement following renewed takeover chatter. | |
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News For X From The Last 14 Days Check below for free stories on X the last two weeks. |
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| May 24, 2013 | | 09:35 EDT |  | X | Steel price increase unlikely to stick, says Credit Suisse
After steel companies AK Steel (AKS), US Steel (X) and ArcelorMittal (MT) announced price increases, Credit Suisse thinks the full price hike is unlikely to stick. The firm believes that the sector's fundamentals suggest that steel stocks are likely to remain range bound this summer. However, the firm predicts that stronger demand trends are likely to drive steel stocks higher in the early fall. | |
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