Why These 5 Stocks Are On the Move on Friday

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In this article we take a look at five stocks on the move on Friday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are On the Move on Friday.

5. United States Steel Corporation (NYSE:X) is around 8% lower today after the company provided a third quarter  update. For Q3, United States Steel Corporation (NYSE:X) expects adjusted EBITDA of around $2 billion, versus adjusted EBITDA of around $1.3 billion for Q2. The company has also announced a exploratory site selection process to build a new state-of-the-art mini mill in the United States. The current estimated investment is approximately $3 billion.

Of the around 873 elite funds we track, 39 were long United States Steel Corporation (NYSE:X) in Q2, up from 22 in Q1.

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