10 Firms End 2024 Stronger With Impressive Gains

2. United States Steel Corp. (NYSE:X)

Shares in United States Steel saw a significant jump in share prices, ending the year higher by 9.54 percent following news that it is set to be acquired by Japanese company Nippon Steel for $14.9 billion, pending approval of outgoing president Joe Biden. Investors warmly welcomed the news that its price spiked by 9.89 percent in just 15 minutes at intraday trading.

The revised proposal by Nippon Steel included a provision granting veto power to the federal government over any reduction in production capacity, should the acquisition secure approvals.

According to reports, the acquisition plan remains under review due to national security concerns from the Treasury Department’s Committee on Foreign Investment in the United States (CFIUS).

Year-to-date, United States Steel’s share prices marked a 29-percent decline from  $47.96 each.