Market Updates

Trending Stocks Update: United States Steel Corporation (NYSE:X), Sprint Corp (NYSE:S)

United States Steel Corporation (NYSE:X) share price went down -1.37% or -0.27 points to reach at $19.79 during the course of previous trade. The stock traded in the range of $19.62 – $20.98 during its most recent trading session. The stock has total market worth of $3.30B and it has total of 165.61M outstanding shares. Relative strength index (RSI-14) for United States Steel Corporation (NYSE:X) is at 41.19.

Historically the stock has slipped -2.89% in the past week and plunged -26.29% in the last four weeks, the stock illustrate that its three months performance stands at 37.88% while its year to date performance is at 150.74%. Stock’s price oscillated from $6.15 to $27.64 during past twelve months. The stock is now trading at a distance of -14.77% from SMA-20. The stock is presently trading -5.52% below from its SMA-50. In the current trading session, the stock’s price moved 39.36% above from its SMA-200. If we take a look on its volatility, 4.32 percent was seen in a week and for the month it was 4.7 percent. Stock’s beta value stands at 2.45 and its ATR value is at 1.20.

United States Steel Corporation (NYSE:X) on August 9, 2016 announced that it has priced its underwritten public offering of approximately 18,900,000 shares of common stock, which was upsized from the previously announced 17,000,000 at a public offering price of $23 per share, for gross proceeds of approximately $434.7 million. The Company has granted the underwriters a 30-day option to purchase up to 2,835,000 additional shares of common stock from the Company. The offering is expected to close on or about August 15, 2016, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering for financial flexibility, capital expenditures and other general corporate purposes.

Sprint Corp (NYSE:S) share price slipped -0.65% or -0.04 points to reach at $6.14 during previous trading session. Stock’s price oscillated between $6.07 and $6.30 for intra-day trading. Relative strength index (RSI-14) for Sprint Corp (NYSE:S) is at 62.18. It has total market capitalization of $24.79B.

Historically the stock has climbed 3.54% in the past week and soared 2.33% in the last four weeks, the stock illustrate that its three months performance stands at 66.85% while its year to date performance is at 69.61%. The stock hit the peak price level of one year at $6.35 and touched the minimum level of $2.18. Shares are trading -3.31% off from the 52-week high price and +181.65% above from the 52-week bottom price level. The stock is now trading at a distance of 0.62% from SMA-20. The stock is presently trading 17.12% above from its SMA-50. In the current trading session, the stock’s price moved 56.47% above from its SMA-200. The company has a Return on Assets of -2.80%. The company currently has a Return on Equity of -11.30% and a Return on Investment of 0.30%.

Sprint Corp (NYSE:S) on August 25, 2016 it continued its device testing of three-channel carrier aggregation, announcing it reached peak speeds of 275 Mbps in three-channel carrier aggregation lab tests using the LG G5, one of the first devices on the market to support the functionality. Sprint is independently testing three-channel carrier aggregation in its labs to evaluate overall performance, speed, and reliability as it prepares for LTE Plus network deployment.

Carrier aggregation is an LTE-Advanced feature that bonds together bands of spectrum to create wider channels and produce more capacity and faster speeds on capable devices. Essentially it creates a wider lane that allows more data traffic to travel at higher rates.

Sprint offers 22 devices that actively support two-channel carrier aggregation on its super-fast LTE Plus network. Two-channel carrier aggregation delivers peak speeds of more than 100 Mbps in 237 LTE Plus markets across the country using 40 MHz of spectrum on the company’s 2.5GHz cell sites.

Six devices currently offered by Sprint are three-channel carrier aggregation capable: the HTC 9, HTC 10, LG G5, Samsung Galaxy S7, Samsung Galaxy S7 Edge, and Samsung Note 7. With three-channel carrier aggregation Sprint will utilize 60 MHz of spectrum to provide peak speeds of more than 200 Mbps on capable devices. Three-channel carrier aggregation is slated for enablement on capable devices via an automatic software update following network deployment.

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