Steel Dynamics Inc.’s recently made public that its Director Shaheen Gabriel unloaded Company’s shares for reported $0.28 million on Feb 06 ’24. In the deal valued at $120.09 per share,2,346 shares were sold. As a result of this transaction, Shaheen Gabriel now holds 81,149 shares worth roughly $11.34 million.
Then, MARCUCCILLI JAMES C sold 25,454 shares, generating $3,116,206 in total proceeds. Upon selling the shares at $122.43, the Director now owns 59,989 shares.
Before that, Pushis Glenn sold 12,113 shares. Steel Dynamics Inc. shares valued at $1,490,626 were divested by the Senior Vice President at a price of $123.06 per share. As a result of the transaction, Pushis Glenn now holds 149,407 shares, worth roughly $20.88 million.
UBS initiated its Steel Dynamics Inc. [STLD] rating to a Neutral in a research note published on January 16, 2024; the price target was $120. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. Exane BNP Paribas also remained covering STLD and has decreased its forecast on July 05, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. JP Morgan started covering the stock on May 23, 2023. It rated STLD as “an Underweight”.
Price Performance Review of STLD
On Tuesday, Steel Dynamics Inc. [NASDAQ:STLD] saw its stock fall -0.85% to $139.77. Over the last five days, the stock has lost -4.74%. Steel Dynamics Inc. shares have risen nearly 18.35% since the year began. Nevertheless, the stocks have risen 33.80% over the past one year. While a 52-week high of $151.34 was reached on 04/01/24, a 52-week low of $90.55 was recorded on 01/17/24. SMA at 50 days reached $134.86, while 200 days put it at $115.51. A total of 1.02 million shares were traded, compared to the trading of 0.98 million shares in the previous session.
Levels Of Support And Resistance For STLD Stock
The 24-hour chart illustrates a support level at 138.08, which if violated will result in even more drops to 136.39. On the upside, there is a resistance level at 140.84. A further resistance level may holdings at 141.92. The Relative Strength Index (RSI) on the 14-day chart is 46.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.36%. Stochastics %K at 10.25% indicates the stock is a buying.
