Home / Street Sector / Short Call at News Buzzer: U.S. Steel Corp. (NYSE:X), Star Bulk Carriers Corp. (NASDAQ:SBLK)

Short Call at News Buzzer: U.S. Steel Corp. (NYSE:X), Star Bulk Carriers Corp. (NASDAQ:SBLK)

Shares of U.S. Steel Corp. (NYSE:X) [Trend Analysis] runs in leading trade, it surging 11.92% to traded at $32.21. The firm has price volatility of 4.71% for a week and 5.75% for a month. Its beta stands at 2.70 times. The United States, together with states of Indiana and Illinois and the Michigan Department of Environmental Quality, reported that U. S. Steel Corp. (X) has agreed to resolve Clean Air Act litigation initiated by the U.S. and the three states in August 2012, by undertaking measures to reduce pollution at its three Midwest iron and steel manufacturing plants in Gary, Indiana; Ecorse, Michigan; and Granite City, Illinois.

As part of the contract, U. S. Steel will perform seven supplemental environmental projects totaling $1.9 million, to protect human health and the environment in the communities affected by U. S. Steel’s pollution, comprising a project to remove lighting fixtures containing toxic chemicals in public schools.

In addition, U. S. Steel will expend $800,000 for an environmentally beneficial project to remove contaminated transformers at its Gary and Ecorse facilities and pay a $2.2 million civil penalty. The contract is memorialized in a consent decree lodged in federal district court in the Northern District of Indiana. Narrow down four to firm performance, its weekly performance was 12.90% and monthly performance was 64.57%. The stock price of X is moving up from its 20 days moving average with 39.84% and isolated positively from 50 days moving average with 61.70%.

Several matter pinch shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) [Trend Analysis], as shares moving up 0.74% to $5.45 with a share volume of 1.2 Million. Star Bulk Carriers Corp. (NASDAQ: SBLK) reported that the Firm’s Yearly Meeting of Shareholders was duly held in Cyprus on November 21, 2016, pursuant to a Notice of Yearly Meeting of Shareholders dated October 12, 2016.

At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Firm’s Proxy Statement were agreed and adopted: The re-election of Messrs. Petros Pappas and Spyros Capralos as Class C Directors of the Firm to serve until the 2019 Yearly Meeting of Shareholders; and the appointment of Ernst & Young (Hellas) Certified Auditors-Accountants S.A., as the Firm’s independent auditors for the fiscal year ending December 31, 2016. The stock is going forward its 52-week low with 251.61% and moving down from its 52-week high price with -10.66%. To have technical analysis views, liquidity ratio of a firm was calculated 0.30 as evaluated with its debt to equity ratio of 0.11. The float short ratio was 1.47%, as compared to sentiment indicator; Short Ratio was 2.84.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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