U.S. Steel Falls After Einhorn Says Results Probably Peaked
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U.S. Steel Corp. tumbled in New York trading after hedge fund manager David Einhorn, who is betting on a decline in the share price, said results from the last quarter may have marked a peak for the company.
U.S. Steel fell 6.6 percent to $36.57 at the close in New York. The Pittsburgh-based company is still 24 percent above its closing price at the end of 2013.