Steel Dynamics (STLD) Shares are Down -1.45%

Steel Dynamics (STLD) : During the past 4 weeks, traders have been relatively bearish on Steel Dynamics (STLD), hence the stock is down -3.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.87% relative to the S&P 500. The 4-week change in the price of the stock is -0.79% and the stock has fallen -1.45% in the past 1 week.

Steel Dynamics (NASDAQ:STLD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.23 and $26.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.43, notching a gain of 1.03% for the day. The total traded volume was 2,033,647 . The stock had closed at $26.16 on the previous day.

The stock has recorded a 20-day Moving Average of 1.6% and the 50-Day Moving Average is 2.62%. Steel Dynamics Inc. is up 6.62% in the last 3-month period. Year-to-Date the stock performance stands at 49.74%.

Steel Dynamics (STLD) : The highest short term price target forecast on Steel Dynamics (STLD) is $33 and the lowest target price is $25. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $29.46 with a standard deviation of $2.25.


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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