United States Steel: Buy, Sell, or Hold?
United States Steel (NYSE: X), which normally just goes by U.S. Steel, is an iconic name in the steel industry. However, the name recognition stems from the company's past success, not its current fortunes. In fact, the company recently agreed to sell itself. That's the key to deciding whether it's worth buying, selling, or holding. Here's what you need to know.United States Steel is probably best described as a special situations stock. It agreed to be bought by Japan's Nippon Steel in 2023 for $55 per share. The stock is currently trading at around $38 per share, so there could material upside if it gets bought for anything close to Nippon Steel's offer. That's the reason to buy U.S. Steel today.Image source: Getty Images.Continue reading
United States Steel (NYSE: X), which normally just goes by U.S. Steel, is an iconic name in the steel industry. However, the name recognition stems from the company's past success, not its current fortunes. In fact, the company recently agreed to sell itself. That's the key to deciding whether it's worth buying, selling, or holding. Here's what you need to know.
United States Steel is probably best described as a special situations stock. It agreed to be bought by Japan's Nippon Steel in 2023 for $55 per share. The stock is currently trading at around $38 per share, so there could material upside if it gets bought for anything close to Nippon Steel's offer. That's the reason to buy U.S. Steel today.
Image source: Getty Images.
