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

Steel Dynamics (STLD): $2.81 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.89. The value of trades done on upticks was $5.96 million, whereas, trades done on downticks were valued at $3.15 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.92 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $2.92 million. Steel Dynamics (STLD) fell $0.07 traded at $25.19, a change of -0.28% over the previous day. The stock is 1.41% for the week.

Steel

Shares of Steel Dynamics Inc. rose by 2.9% in the last five trading days and 2.73% for the last 4 weeks. Steel Dynamics Inc. is up 8.26% in the last 3-month period. Year-to-Date the stock performance stands at 44.87%.

Steel Dynamics (STLD) has an average broker rating of 1.7, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Steel Dynamics (NASDAQ:STLD): The stock opened at $25.39 and touched an intraday high of $25.61 on Wednesday. During the day, the stock corrected to an intraday low of $25.06, however, the bulls stepped in and pushed the price higher to close in the green at $25.57 with a gain of 0.67% for the day. The total traded volume for the day was 2,090,758. The stock had closed at $25.4 in the previous trading session.

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.

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