U.S. Steel (X) Plunges

By Swing Trader
January 26, 2010 11:10 AM

Symbols: X

Posted in: Earnings, News, Global, Intraday Update, Markets, Movers

Shares of U.S. Steel (NYSE: X) are plunging in early morning trading after the company reported a wider-than-expected fourth quarter loss.

U.S. Steel is down nearly 10% to $50.62 on extremely heavy trading volume. More than 6.1 million shares have traded hands versus the three-month average daily volume of 11.9 million shares.

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