Large Outflow of Money Witnessed in Nucor Corporation

Nucor Corporation (NUE) : The value of composite uptick trades was $18.33 million, whereas, the value of composite downtick trades was $24.76 million. The uptick to downtick ratio stood at 0.74 with a negative money flow of ($6.42) Million during Fridays trading session. The block trades money flow was negative ($3.13 million). The transaction of the trades on downticks amounted to $3.13 million, which confirms investors selling on the strength of price. Nucor Corporation (NUE) gained 39 cents at $52.71, an increase of 0.75% over the previous days close.


Nucor Corporation (NUE) : 11 Wall Street analysts covering Nucor Corporation (NUE) believe that the average level the stock could reach for the short term is $54.96. The maximum price target given is $60 and the minimum target for short term is around $44, hence the standard deviation is calculated at $4.6.

Nucor Corporation (NYSE:NUE): stock turned positive on Friday. Though the stock opened at $52.19, the bulls momentum made the stock top out at $52.96 level for the day. The stock recorded a low of $52.12 and closed the trading day at $52.72, in the green by 0.76%. The total traded volume for the day was 2,618,365. The stock had closed at $52.32 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Nucor Corp, Stratman Robert J had sold 52,631 shares worth of $2,626,287 in a transaction dated April 29, 2016. In this transaction, 52,631 shares were sold at $49.9 per share.

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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