U.S. Steel Shares Drop 18%, Trading Halted; Stock Down 9% to $35.61

U.S. Steel shares have experienced a significant decline, dropping by 18% and leading to trading halts. The stock initially fell by 9% before extending its losses. Reports indicate that a potential takeover of the company is likely to be blocked, contributing to the stock's downturn. As of the latest trading data, United States Steel Corp (ticker symbol: X) was priced at $35.61, reflecting a decrease of $3.43 or 8.79%. The trading activity has raised concerns among investors, prompting heightened scrutiny of the company's future prospects.