United States Steel Corporation trading volume plummets 71.83% to $635 million ranking 121st in market activity as acquisition by Nippon Steel looms

On May 28, 2025, United's trading volume was $635 million, a significant decrease of 71.83% compared to the previous day, ranking 121st in the day's stock market activity. Meanwhile, American Steel (X) rose by 0.57%, marking its fifth consecutive day of gains, with a total increase of 29.53% over the past five days.

United States Steel Corporation (X) is set to be acquired by Nippon Steel at $55 per share, following approval from President Trump. The deal includes a $14 billion investment, with U.S. control over the board and CEO.

Jeffries analyst Chris LaFemina downgraded his rating on United States Steel Corp. (X) to Hold from Buy on Monday, May 26, following President Trump's approval of the acquisition.

Morgan Stanley maintained a cautious stance on United States Steel (X), expecting the stock to hit $55. This cautious outlook reflects the market's uncertainty surrounding the acquisition and its potential impact on the company's future performance.