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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 07:51 EDT
BMO Capital analyst David Gagliano lowered his price target on U.S. Steel to $10 and kept his Market Perform rating. The analyst notes that while the company beat on its Q4 earnings thanks to the late-quarter price gains evident among other steel producers, his cautious view reflects the "emerging weakness" in US sheet fundamentals and prices rather than "anything particular" about the reported quarter.
News For X From the Last 2 Days
Jun 4, 2020 | 12:25 EDT
Bullish option flow detected in US Steel with 26,622 calls trading, 1.3x expected, and implied vol increasing almost 2 points to 71.69%. Jan-21 10 calls and 6/5 weekly 9 calls are the most active options, with total volume in those strikes near 9,600 contracts. The Put/Call Ratio is 0.57. Earnings are expected on July 30th.