Shares of Steel Dynamics (STLD) Sees Large Inflow of Net Money Flow

Steel Dynamics (STLD) stock had a bullish inflow of $4.53 million worth of trades on uptick and an outflow of $3.68 million in downticks on Friday. The total uptick to downtick ratio stood at 1.23. The net money flow into the stock was $0.85 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.91 million. An inflow of $0.27 million block trade was recorded on downticks. $1.18 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 4.34 in favor of the bulls. However, Steel Dynamics (STLD) stock traded down $0.36 , and reached $24.35, a drop of -1.46% over the previous day. On a weekly basis, the stock is -1.14%, over the previous weeks close.


The company Insiders own 4.1% of Steel Dynamics shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.86% . Institutional Investors own 82.64% of Steel Dynamics shares. During last six month period, the net percent change held by insiders has seen a change of -2.86%.

In a related news, The Securities and Exchange Commission has divulged that Kolb Jurgen Dr, director of Steel Dynamics Inc, had unloaded 17,900 shares at an average price of $26.85 in a transaction dated on July 25, 2016. The total value of the transaction was worth $480,615.

Steel Dynamics (NASDAQ:STLD): stock was range-bound between the intraday low of $24.22 and the intraday high of $25.24 after having opened at $25.01 on Fridays session. The stock finally closed in the red at $25.01, a loss of -1.58%. The stock remained in the red for the whole trading day. The total traded volume was 2,449,053 shares. The stock failed to cross $25.24 in Fridays trading. The stocks closing price on Thursday was $24.71.

Steel Dynamics (STLD) : During the past 4 weeks, traders have been relatively bearish on Steel Dynamics (STLD), hence the stock is down -7.86% 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 -1.75% relative to the S&P 500. The 4-week change in the price of the stock is -7.98% and the stock has fallen -1.26% in the past 1 week.

Steel Dynamics, Inc. (SDI) is a steel producing and a metal recycling company. The Company operates in three segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations. The Company offers hot roll, cold roll, galvanized, galvanneal, Galvalume, Galfan, and painted sheet steel; a range of structural steel beams and rails; engineered steel of various sizes and chemistries; and various merchant-bar products, rounds, angles, flats and channels. The Company also offers steel finishing and fabrication services. In the metals recycling operations of its metals recycling and ferrous resources segment, its products include an array of both ferrous and non-ferrous scrap processing, scrap management, transportation, and brokerage products and services. Its steel fabrication segment produces steel joists and steel decking materials.

Comments (0)

Leave a Reply

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