Shares of Nucor Corporation (NYSE:NUE) Sees Large Inflow of Net Money Flow

Nucor Corporation (NYSE:NUE) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $50.24 with a loss of -0.26 points or -0.51%. The net money flow was $3.09 million and the up/down ratio was 1.23. Approximately $16.64 million was the inflow in upticks and $13.56 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of 0.73%.The shares witnessed a block transaction with a net money flow of $4.37 million. The total money in uptick was $4.37 million and in downtick was $0 million with the up/down ratio reaching 0.


Currently the company Insiders own 0.63% of Nucor Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.49% . Institutional Investors own 79.26% of Nucor Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.88%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Stratman Robert J, officer (Executive Vice President) of Nucor Corp, had unloaded 52,631 shares at an average price of $49.9 in a transaction dated on April 29, 2016. The total value of the transaction was worth $2,626,287.

Nucor Corporation (NYSE:NUE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 1.03% at $49.98 with 2,994,660 shares getting traded. Post opening the session at $50.73, the shares hit an intraday low of $49.965 and an intraday high of $50.85 and the price was in this range throughout the day. The company has a market cap of $15,890 million and the number of outstanding shares have been calculated to be 317,928,650 shares. The 52-week high of Nucor Corporation (NYSE:NUE) is $51.99 and the 52-week low is $33.9.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Jefferies maintains its rating on Nucor Corporation (NYSE:NUE). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Jefferies raises the price target from $56 per share to $60 per share. The rating by the firm was issued on June 10, 2016.

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