United States Steel Shares Slide 59.0% Below Gerber's Purchase Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 20, United States Steel Corp.'s Director, Murry Gerber, invested $131,648.40 into 7,800 shares of X, for a cost per share of $16.88. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open mar...