Trump's stance against Nippon bid sends U.S. Steel shares plunging

U.S. Steel's X.N shares fall 11.4% to $40 premarket

Trump says he does not want to see U.S. Steel go to Japan

The U.S. President had earlier ordered a fresh review on Nippon Steel's 5401.T bid for U.S. Steel to help determine if "further action" is appropriate

At the same time, activist investor Ancora says it withdraws its nomination of director candidates at U.S. Steel

U.S. Steel holds a trailing 12 months PE ratio of 20.99 vs. Industry median of -4.33

According to data compiled by LSEG, 7.15% of X's float was sold short as of March 31, 2025

6 of 11 brokerages rate the stock "buy" or higher and 5 "hold"; their median PT is $41.5

YTD, stock has risen 32.8% vs. 15.3% fall in the benchmark S&P 500 index .SPX