Momentum Stocks in Focus: United States Steel Corporation (NYSE:X), Intel Corporation (NASDAQ:INTC)

On Thursday, Shares of United States Steel Corporation (NYSE:X), added 0.41% and closed at $24.66 in the last trading session. The last trading range of the stock ranges between $24.10 and $25.20. The company’s Market capitalization is $4.98 Billion with the total Outstanding Shares of 172.46 million. United States Steel Corporation (NYSE:X) (“U. S. Steel” or “the Corporation”) declared recently that it has agreed to projected terms with Bedrock Industries Group LLC (“Bedrock”) regarding the sale and transition of ownership of U. S. Steel Canada, Inc. (“USSC”) to Bedrock. The transaction is subject to satisfactory completion of customary definitive documentation and requisite court and other approvals.

On Sept. 16, 2014, USSC applied for relief from its creditors following Canada’s Companies’ Creditors Arrangement Act (“CCAA”).  As part of the CCAA proceedings, U. S. Steel presented secured and unsecured claims of about CAD$2.2 billion.  Should the transaction be approved by the Ontario Superior Court of Justice and eventually close, U. S. Steel will receive about $126 million in satisfaction of its secured claims, counting interest, and unsecured claims. The projected terms also include a contract to provide mutual releases among key stakeholders, counting a release of all claims against U. S. Steel regarding environmental, pension and other liabilities.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $6.15 and reached to max level of $27.64. The EPS of company is strolling at -10.06.

Shares of Intel Corporation (NASDAQ:INTC), dropped -0.72% and closed at $34.50 in the last trading session. The last trading range of the stock ranges between $34.03 and $34.95. The company’s Market capitalization is $163.54 Billion with the total Outstanding Shares of 4.74 billion. Recently Intel Security declared continued growth and product integrations across its extensive partner ecosystem, the Intel Security Innovation Alliance. Check Point*, Huawei* and other industry-leading companies have joined the Intel Security Innovation Alliance to provide a truly integrated, connected security ecosystem that maximizes the investment customers are making in their cybersecurity infrastructure.

One year ago, at its FOCUS 15 event, Intel Security unveiled a new strategy emphasizing an integrated, open security system powered by a connected architecture across Intel Security and third-party products alike. Since that time, the Intel Security Innovation Alliance has executed on that strategy, doubling the number of partner companies that have existing, or are developing, technology integrations with McAfee Data Exchange Layer (DXL).

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $27.68 and reached to max level of $38.36. The EPS of company is strolling at 2.13.

Leave a Reply

Your email address will not be published. Required fields are marked *