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

Steel Dynamics (STLD) stock had a bullish inflow of $9.97 million worth of trades on uptick and an outflow of $7.16 million in downticks on Monday. The total uptick to downtick ratio stood at 1.39. The net money flow into the stock was $2.81 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 $1.76 million. $1.76 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Steel Dynamics (STLD) stock traded down $0.01 , and reached $27.85, a drop of -0.02% over the previous day. On a weekly basis, the stock is 4.52%, over the previous weeks close.


Steel Dynamics Inc. is up 16.85% in the last 3-month period. Year-to-Date the stock performance stands at 58.52%. Shares of Steel Dynamics Inc. rose by 3.98% in the last five trading days and 8.52% for the last 4 weeks. In a related news,The director of Steel Dynamics Inc, Busse Keith E sold 91,873 shares at $21.94 on March 18, 2016. The Insider selling transaction had a total value worth of $2,015,694. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Steel Dynamics (NASDAQ:STLD): stock turned positive on Monday. Though the stock opened at $28, the bulls momentum made the stock top out at $28.01 level for the day. The stock recorded a low of $27.4 and closed the trading day at $27.98, in the green by 0.47%. The total traded volume for the day was 3,964,341. The stock had closed at $27.85 in the previous days trading.

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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