Steel Dynamics (STLD) Shares are Down -0.65%

Steel Dynamics (STLD) has been under a strong bear grip, hence the stock is down -7.97% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.01% in the past 1 week. The 4-week change in the price of the stock is -8.17% and the stock has fallen -0.65% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.36% and the fifty day Moving Average is 4.73%. Steel Dynamics Inc. is up 0.53% in the last three month period. Year-to-Date the stock performance stands at 39.54%.

Steel Dynamics (STLD) : 9 investment research analysts covering Steel Dynamics (STLD) have an average price target of $29.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $25 for the short term. Analysts expect the variance to be within $2.51 of the average price.


Steel Dynamics (NASDAQ:STLD): stock turned positive on Friday. Though the stock opened at $24.79, the bulls momentum made the stock top out at $25.27 level for the day. The stock recorded a low of $24.53 and closed the trading day at $24.63, in the green by 0.49%. The total traded volume for the day was 2,107,333. The stock had closed at $24.51 in the previous days trading.

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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