U.S. Steel up after Ancora withdraws director nominations at the steelmaker

United States Steel's shares X.N rise 2.3% to $45.06 premarket

Activist investor Ancora withdraws its nomination of director candidates at U.S. Steel

On Monday, Trump ordered a fresh review on Nippon Steel's 5401.T bid for U.S. Steel to help determine if "further action" is appropriate

"Based on language included in Monday’s Presidential Action, we suspect the companies have taken steps to try to mitigate national security considerations," Ancora said

"We imagine this is why labor leaders, policy experts and stockholders have recently suggested they expect the sale will be approved." - Ancora

In January, Ancora nominated nine candidates to U.S. Steel's board, as it opposed the deal and was looking to oust company CEO David Burritt

As of last close, stock had risen 29.6% YTD