Shares of Nucor Corporation (NUE) Sees Large Outflow of Money

Nucor Corporation (NUE) : The value of composite uptick trades was $16.46 million, whereas, the value of composite downtick trades was $24.27 million. The uptick to downtick ratio stood at 0.68 with a negative money flow of ($7.81) Million during Mondays trading session. The block trades money flow was negative ($9.07 million). The transaction of the trades on downticks amounted to $9.07 million, which confirms investors selling on the strength of price. Nucor Corporation (NUE) gained 88 cents at $51.57, an increase of 1.74% over the previous days close.


Nucor Corporation has lost 3.63% in the last five trading days and dropped 9% in the last 4 weeks. Nucor Corporation is up 8.75% in the last 3-month period. Year-to-Date the stock performance stands at 30.05%.

Nucor Corporation (NYSE:NUE): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.98 and $50.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.57, notching a gain of 1.74% for the day. The total traded volume was 2,446,388 . The stock had closed at $50.69 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Frias James D, officer (CFO, Treasurer and EVP) of Nucor Corp, had unloaded 9,000 shares at an average price of $53.14 in a transaction dated on July 28, 2016. The total value of the transaction was worth $478,260.

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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