Steel Dynamics (STLD) Shares are Down -2.13%

Steel Dynamics (STLD) : During the past 4 weeks, traders have been relatively bearish on Steel Dynamics (STLD), hence the stock is down -3.29% 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 -2.64% relative to the S&P 500. The 4-week change in the price of the stock is -5.24% and the stock has fallen -2.13% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.33% and the 50-Day Moving Average is 8.72%.The 200 Day SMA reached 6.12% Steel Dynamics Inc. has dropped 7.32% during the last 3-month period . Year-to-Date the stock performance stands at 33.08%.


Steel Dynamics (STLD) : 9 investment research analysts covering Steel Dynamics (STLD) have an average price target of $29 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $25 for the short term. Analysts expect the variance to be within $2.55 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Steel Dynamics (NASDAQ:STLD): stock was range-bound between the intraday low of $23.445 and the intraday high of $23.805 after having opened at $23.59 on Fridays session. The stock finally closed in the red at $23.59, a loss of -0.72%. The stock remained in the red for the whole trading day. The total traded volume was 4,766,860 shares. The stock failed to cross $23.805 in Fridays trading. The stocks closing price on Thursday was $23.49.

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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