Why U.S. Steel Stock Plummeted Again Today
Shares of United States Steel (NYSE: X) fell nearly 14% in the first half-hour of trading on Thursday, following steep losses the day before. Company news was to blame in both cases.
On Wednesday, U.S. Steel announced that it expected second-quarter earnings to come in well below Wall Street expectations. Not surprisingly, the stock fell sharply on the news. But the company wasn't done with the big announcements, releasing another bit of bad news after the market had closed.
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Source Fool.com
