Finance

Dissecting the Insider Trading Patterns of United States Steel Corporation (X)

Recent insider trends for United States Steel Corporation (NYSE:X) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of X, the data has a lot to say about how the stock might perform going forward.

Institutions own 64.98% of United States Steel Corporation (X)’s shares. The total value of these holdings, in millions, is $3,392. Among active positions in the latest quarter, 169 holders increased their positions by a total of 24.18 million shares, 183 holders decreased the positions by a total of 23.92 million shares, and 57 holders held their positions. This works out to a net increase in ownership of 257059 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 73 holders initiated new positions by a total of 13.14 million shares and 62 holders exited their positions by a total of 6.13 million shares. This nets out to an increase of 7.01 million shares and is a bullish sign for X.

In the last three months, insiders executed a total of 8 trades. 4 of these were buys and 4 were sells. Insider ownership decreased by a total of 2829 shares, which suggests that X’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 36 buys and 48 sells, and ownership decreased by a net of 37287 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. United States Steel Corporation (NYSE:X)’s short interest is 19.66 million shares, or 11.59% of the float. This represents a decrease of -4% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that X is a Strong buy, which implies that X is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that United States Steel Corporation (NYSE:X) is undervalued.

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