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Tuesday
Dec092008

US Steel (X) Rallies 25%

DateTuesday, December 9, 2008 at 03:50AM

US Steel (X) has seen some of the biggest declines of any stock during this bear market, falling from a closing high of $191.96 on June 25th to a low of $20.97 on November 20th.  But President-elect Obama's new infrastructure plans have given a boost to construction and materials companies like US Steel, and as shown below, the stock rallied 25% yesterday.  US Steel has one of the lowest P/E ratios of any stock in the S&P 500, and it got down to 1.4 just a few days ago.  After rallying $7.34 yesterday, its P/E went from 1.62 to 2.02.


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