Volume Spike Investor

US Steel Corp. (NYSE: X) is trading up this morning after it was added to Goldman Sachs’ coveted Conviction Buy List to replace Freeport McMoran (NYSE: FCX).  At 8:10 AM EST this has shares up almost 4% at $44.72 in the very early indications this morning on almost 75,000 shares.  The volume will increase as [...]

Alcoa Inc. (NYSE: AA) has just posted a surprise profit after it was expected to lose money in the quarter.  Here are the full details, but we took a 4:20 PM EST snapshot and many metals companies are running up that are not just in the aluminum space:
Century Aluminum Company (NASDAQ: CENX) $9.65 close; $10.41 [...]

United States Steel Corp. (NYSE: X) sharse are down 3 percent to $40.01 and among the most active premarket stocks with more than 200,00 shares traded as of 8:30 a.m. Eastern. The company beat EPS expectations, but posted revenue that fell 68.5 percent from year-ago levels to $2.13 billion, short of $2.39 billion analyst expectations. [...]

Steel stocks are among the laggards Tuesday after disappointing results from Schnitzer Steel Industries Inc. (Nasdaq: SCHN) and a lackluster consumer confidence report that helped spur lower commodity prices.
Schnitzer is weighing most heavily on the group, down more than 10 percent as of noon Tuesday, on more than twice its normal volume. The company missed earnings [...]

U.S. Steel (NYSE: X) had some unusual options trading on Friday, and this was no close-out trade.  We saw in the PUT OPTIONS which expire on Friday, October 16, 2009 a highly unusual trading pattern in the OCT-2009 $30.00 Strike Puts as options contract trading volume of 20,465 contracts were made.  The prior open interest [...]