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

Steel Dynamics (NASDAQ:STLD) traded negative at $25.83. On an intraday basis, the price dropped -0.06 points or -0.21%. The composite uptick value was $4.55 million while the combined downtick value was $3.88. The net money flow was $0.67 million while the up/down ratio was not very comforting at 1.17. The shares on a weekly note has seen a change in share price of 2.2%.According to the trading data, the shares saw a block trade with $0.98 million in upticks and $0.69 million in downticks. The up/down ratio for the block was calculated to be 1.42. The net money flow for the block trade was 0.29.


Currently the company Insiders own 4.1% of Steel Dynamics shares according to the proxy statements. Institutional Investors own 78.47% of Steel Dynamics shares. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Steel Dynamics Inc, Busse Keith E had sold 91,873 shares worth of $2,015,694 in a transaction dated March 18, 2016. In this transaction, 91,873 shares were sold at $21.94 per share.

Steel Dynamics (NASDAQ:STLD) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.27 points or 1.04% at $25.61 with 4,526,384 shares getting traded. Post opening the session at $26.05, the shares hit an intraday low of $25.57 and an intraday high of $26.2 and the price was in this range throughout the day. The company has a market cap of $6,238 million and the number of outstanding shares have been calculated to be 243,572,460 shares. The 52-week high of Steel Dynamics (NASDAQ:STLD) is $26.99 and the 52-week low is $15.32.

Many analysts have stated their opinion on the company shares. Brokerage firm Jefferies maintains its rating on Steel Dynamics (NASDAQ:STLD). As per the latest information, the brokerage house raises the price target to $31 per share from a prior target of $28. The shares have been rated Buy. The rating by the firm was issued on June 10, 2016.

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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