Shares of Nucor Corporation (NUE) Sees Large Outflow of Money

Nucor Corporation (NUE) : The total money flow in Nucor Corporation (NUE) was negative ($2.03 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $6.41 million. Transactions on upticks were comparatively lower at $4.38 million. The uptick to downtick ratio was 0.68. The total block trades on downticks were valued at $2.29 million. The money flow during block trades was negative ($2.29 million) when the stock traded with a gain of $28 cent. Nucor Corporation (NUE) was $51.36, an increase of 0.55% over the previous days close.


Nucor Corporation (NUE) : Currently there are 10 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 $53.4. The estimated standard deviation from the target is $4.27. The stock has recorded a 20-day Moving Average of 4.24% and the 50-Day Moving Average is 6.1%.

Nucor Corporation (NYSE:NUE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.04 and $50.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.51, notching a gain of 0.84% for the day. The total traded volume was 3,399,066 . The stock had closed at $51.08 on the previous day.

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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