Shares of Nucor Corporation (NUE) Rally 6.54%

Nucor Corporation (NUE) : Traders are bullish on Nucor Corporation (NUE) as it has outperformed the S&P 500 by a wide margin of 7.84% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.54% in the last 1 week, and is up 12.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 11.48% and the 50-Day Moving Average is 15.2%.

Nucor Corporation (NYSE:NUE): The stock opened at $56.72 on Friday but the bulls could not build on the opening and the stock topped out at $56.99 for the day. The stock traded down to $56.31 during the day, due to lack of any buying support eventually closed down at $56.67 with a loss of -0.21% for the day. The stock had closed at $56.79 on the previous day. The total traded volume was 3,015,674 shares.


The company Insiders own 0.63% of Nucor Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.49% . Institutional Investors own 79.26% of Nucor Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.88%. In a related news, The Securities and Exchange Commission has divulged that Stratman Robert J, officer (Executive Vice President) of Nucor Corp, had unloaded 52,631 shares at an average price of $49.9 in a transaction dated on April 29, 2016. The total value of the transaction was worth $2,626,287.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Companys steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials. In the steel mills segment, Nucor produces and distributes sheet steel, plate steel, structural steel and bar steel. In the steel products segment, Nucor produces steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating and expanded metal, and wire and wire mesh. In the raw materials segment, the Company produces DRI; brokers ferrous and nonferrous metals, pig iron, HBI and DRI; supplies ferro-alloys, and processes ferrous and nonferrous scrap metal.

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