Nucor Corporation (NUE) : During the past 4 weeks, traders have been relatively bearish on Nucor Corporation (NUE), hence the stock is down -9.04% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.07% relative to the S&P 500. The 4-week change in the price of the stock is -9.23% and the stock has fallen -2.72% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 5.82% and the fifty day Moving Average is 6.09%. Nucor Corporation is up 1.44% in the last three month period. Year-to-Date the stock performance stands at 22.79%.
Nucor Corporation (NUE) : Currently there are 9 street experts covering Nucor Corporation (NUE) stock. The most bullish and bearish price target for the stock is $60 and $44 respectively for the short term. The average price target of all the analysts comes to $55.83. The estimated standard deviation from the target is $4.86.
Nucor Corporation (NYSE:NUE): On Fridays trading session , Opening price of the stock was $49.23 with an intraday high of $49.89. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $48.585. However, the stock managed to close at $48.69, a loss of 0.41% for the day. On the previous day, the stock had closed at $48.89. The total traded volume of the day was 1,819,048 shares.
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.