Nucor Corp. (NYSE: NUE) is 0.34% higher on its value in year-to-date trading and has touched a low of $129.79 and a high of $203.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NUE stock was last observed hovering at around $191.63 in the last trading session, with the day’s loss setting it -16.99%.
Currently trading at $174.64, the stock is -11.08% and -8.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.85 million and changing -8.87% at the moment leaves the stock 2.07% off its SMA200. NUE registered 13.81% gain for a year compared to 6-month gain of 23.54%.
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The stock witnessed a -10.18% loss in the last 1 month and extending the period to 3 months gives it a 1.69%, and is -9.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.93% over the week and 2.24% over the month.
Nucor Corp. (NUE) has around 32000 employees, a market worth around $42.04B and $34.71B in sales. Current P/E ratio is 9.70 and Fwd P/E is 13.29. Profit margin for the company is 12.99%. Distance from 52-week low is 34.56% and -13.97% from its 52-week high. The company has generated returns on investments over the last 12 months (16.29%).
The EPS is expected to shrink by -25.93% this year.
Nucor Corp. (NUE) Top Institutional Holders
The shares outstanding are 244.90M, and float is at 239.37M with Short Float at 2.05%.
Nucor Corp. (NUE) Insider Activity
The most recent transaction is an insider sale by Utermark D. Chad,the company’sExecutive Vice President. SEC filings show that Utermark D. Chad sold 33,068 shares of the company’s common stock on Mar 22 ’24 at a price of $195.33 per share for a total of $6.46 million. Following the sale, the insider now owns 0.21 million shares.
Nucor Corp. disclosed in a document filed with the SEC on Mar 21 ’24 that Jellison Douglas J (Executive Vice President) sold a total of 19,506 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $193.41 per share for $3.77 million. Following the transaction, the insider now directly holds 0.12 million shares of the NUE stock.
Still, SEC filings show that on Mar 21 ’24, Keller Michael D (Vice Pres. and Corp. Contro) disposed off 3,145 shares at an average price of $193.67 for $0.61 million. The insider now directly holds 24,873 shares of Nucor Corp. (NUE).
