Nucor Corp (NUE) Files Form 4 Insider Selling : Robert J Stratman Sells 52,631 Shares

Nucor Corp (NUE): Robert J Stratman , Executive Vice President of Nucor Corp sold 52,631 shares on Apr 29, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $49.90 per share for a total value of $2,626,287.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, D. Chad Utermark (Executive Vice President) sold 2,050 shares at $50.65 per share price.On Feb 23, 2016, Raymond S Jr Napolitan (Executive Vice President) sold 7,000 shares at $39.94 per share price.Also, On Feb 17, 2016, Christopher J Kearney (director) purchased 5,000 shares at $40.15 per share price.On Feb 16, 2016, John J Ferriola (Chairman, President and CEO) sold 12,003 shares at $39.87 per share price.

Nucor Corporation: On Monday, May 2, 2016 heightened volatility was witnessed in Nucor Corporation which led to swings in the share price. The shares opened for trading at $49.74 and hit $50.4 on the upside , eventually ending the session at $50.3, with a gain of 1.04% or 0.52 points. The heightened volatility saw the trading volume jump to 22,66,236 shares. The 52-week high of the share price is $51.1 and the company has a market cap of $15,992 M . The 52-week low of the share price is at $33.9.

Nucor Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Nucor Corporation is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $45 .The Rating was issued on Apr 27, 2016.Nucor Corporation is Downgraded by Credit Agricole to Sell. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 22, 2016.Nucor Corporation is Downgraded by Standpoint Research to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 13, 2016.Nucor Corporation is Downgraded by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $48 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 23, 2016.Nucor Corporation is Initiated by Credit Suisse to Neutral. The Rating was issued on Mar 11, 2016.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s 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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