KD Logo

STLD Stock Sees Surge of Approximately 4.06% in Last Five Days

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Steel Dynamics Inc. shares valued at $2,873,010 were sold by Graham Christopher A on May 15 ’24. At $136.81 per share, Graham Christopher A sold 21,000 shares. The insider’s holdings dropped to 60,415 shares worth approximately $7.59 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Also, Shaheen Gabriel sold 2,346 shares, netting a total of over 281,731 in proceeds. Following the sale of shares at $120.09 each, the insider now holds 81,149 shares.

Before that, MARCUCCILLI JAMES C had sold 25,454 shares from its account. In a trade valued at $3,116,206, the Director traded Steel Dynamics Inc. shares for $122.43 each. Upon closing the transaction, the insider’s holdings decreased to 25,454 shares, worth approximately $7.54 million.

As published in their initiating research note from Jefferies on May 20, 2024, Steel Dynamics Inc. [STLD] has been a Hold and the price target has been revised to $150. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of September 25, 2023, Citigroup has increased its “Neutral” rating to a “Buy” for STLD. Earlier on July 05, 2023, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for STLD stock which previously was a “an Outperform”.

Analyzing STLD Stock Performance

During the last five days, there has been a surge of approximately 4.06%. Over the course of the year, Steel Dynamics Inc. shares have jumped approximately 6.42%. Shares of the company reached a 52-week high of $151.34 on 04/01/24 and a 52-week low of $109.66 on 01/17/24. A 50-day SMA is recorded $132.40, while a 200-day SMA reached $121.43. Nevertheless, trading volume fell to 1.24 million shares from 1.64 million shares the previous day.

Support And Resistance Levels for Steel Dynamics Inc. (STLD)

According to the 24-hour chart, there is a support level at 124.42, which, if violated, would cause prices to drop to 123.16. In the upper region, resistance lies at 127.00. The next price resistance is at 128.31. RSI (Relative Strength Index) is 43.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 54.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular