Nucor Corp.’s recent filing unveils that its Executive Vice President Utermark D. Chad unloaded Company’s shares for reported $6.46 million on Mar 22 ’24. In the deal valued at $195.33 per share,33,068 shares were sold. As a result of this transaction, Utermark D. Chad now holds 206,078 shares worth roughly $31.88 million.
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Then, Jellison Douglas J sold 19,506 shares, generating $3,772,635 in total proceeds. Upon selling the shares at $193.41, the Executive Vice President now owns 120,738 shares.
Before that, Keller Michael D sold 3,145 shares. Nucor Corp. shares valued at $609,091 were divested by the Vice Pres. and Corp. Contro at a price of $193.67 per share. As a result of the transaction, Keller Michael D now holds 24,873 shares, worth roughly $3.85 million.
Jefferies initiated its Nucor Corp. [NUE] rating to a Hold in a research note published on May 20, 2024; the price target was $190. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. UBS began covering NUE with “Buy” recommendation on January 16, 2024. JP Morgan revised its rating on October 16, 2023. It rated NUE as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of NUE
On Friday, Nucor Corp. [NYSE:NUE] saw its stock jump 0.37% to $154.69. Over the last five days, the stock has lost -3.92%. Nucor Corp. shares have fallen nearly -11.12% since the year began. Nevertheless, the stocks have risen 2.69% over the past one year. While a 52-week high of $203.00 was reached on 04/09/24, a 52-week low of $140.07 was recorded on 06/14/24. SMA at 50 days reached $174.94, while 200 days put it at $171.14. A total of 2.21 million shares were traded, compared to the trading of 1.23 million shares in the previous session.
Levels Of Support And Resistance For NUE Stock
The 24-hour chart illustrates a support level at 150.50, which if violated will result in even more drops to 146.32. On the upside, there is a resistance level at 157.49. A further resistance level may holdings at 160.30. The Relative Strength Index (RSI) on the 14-day chart is 26.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.84%. Stochastics %K at 14.16% indicates the stock is a buying.
