US Steel Lower After Axiom's Gordon Johnson Details Bear Thesis

US Steel

shares are trading lower by $0.75 at $14.06 in Friday's session. The downside action may be attributed to the negative thesis on the issue detailed by Axion Capital analsyt Gordon Johnson on Benzinga's PreMareket Prep broadcast. This marks the sixth down day in a row for the issue, falling from its May 6 close ($18.95() to its cuurent level. After a lower open, it could not reclaim Thursday's close ($14,81), only reaching $14,75 before turning lower. It is attempting to stabilize in the area of its March 24 low ($14.02) as the current intraday low stands at $13.93.