Large Inflow of Money Detected in Nucor Corporation

Nucor Corporation (NUE) : Thursdays money flow indicated an uptick to downtick ratio was at 1.97. The total value of inflow transactions on upticks was $11.15 million, whereas, the total value of outflow trades on downticks was $5.66 million. The total money flow was $5.49 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $5.18 million. The total value of the trades done on upticks was $5.18 million. Nucor Corporation (NUE) was trading with a -0.02% change over previous days close. It fell $0.01 during the day and reached $56.41. The stock was 6.05% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 12.46% and the 50-Day Moving Average is 15.84%. Shares have rallied 23.27% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $54.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $49.69 and the 200 Day Moving Average price is recorded at $44.98.

Nucor Corporation (NYSE:NUE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.63 and $56.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.79, notching a gain of 0.66% for the day. The total traded volume was 2,563,169 . The stock had closed at $56.42 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Nucor Corp, Stratman Robert J had sold 52,631 shares worth of $2,626,287 in a transaction dated April 29, 2016. In this transaction, 52,631 shares were sold at $49.9 per share.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *