Steel Dynamics (STLD) Shares are Down -1.26%

Steel Dynamics (STLD) : During the past 4 weeks, traders have been relatively bearish on Steel Dynamics (STLD), hence the stock is down -7.86% 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 -1.75% relative to the S&P 500. The 4-week change in the price of the stock is -7.98% and the stock has fallen -1.26% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 5.63%.The 200 Day SMA reached 11.43%. Steel Dynamics Inc. has dropped 4.01% during the last 3-month period . Year-to-Date the stock performance stands at 37.78%.


Steel Dynamics (NASDAQ:STLD): The stock opened in the green at $25.01 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $25.24 and a low of $24.22 for the day. The stock did not find buyers even at the lows and closed at $24.32 recording a loss of -1.58%. 2,449,053 shares exchanged hands during the trading day. The stock had closed at $24.71 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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