Nucor Corp’s filing revealed that its Executive Vice President Behr Allen C unloaded Company’s shares for reported $0.79 million on Nov 11 ’24. In the deal valued at $159.72 per share,4,968 shares were sold. As a result of this transaction, Behr Allen C now holds 85,376 shares worth roughly $10.33 million.
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Then, Behr Allen C bought 4,968 shares, generating $793,470 in total proceeds.
Before that, Topalian Leon J sold 11,000 shares. Nucor Corp shares valued at $1,860,240 were divested by the Chair, President and CEO at a price of $169.11 per share. As a result of the transaction, Topalian Leon J now holds 172,136 shares, worth roughly $20.83 million.
UBS downgraded its Nucor Corp [NUE] rating to a Neutral from a a Buy in a research note published on December 12, 2024; the price target was decreased to $156 from $171. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. JP Morgan also remained covering NUE and has increased its forecast on September 09, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on August 15, 2024. It rated NUE as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of NUE
On Tuesday, Nucor Corp [NYSE:NUE] saw its stock fall -2.56% to $120.98. Over the last five days, the stock has lost -13.93%. Nucor Corp shares have fallen nearly -30.49% since the year began. Nevertheless, the stocks have fallen -30.00% over the past one year. While a 52-week high of $203.00 was reached on 04/09/24, a 52-week low of $123.01 was recorded on 12/17/24. SMA at 50 days reached $147.88, while 200 days put it at $160.72.
Levels Of Support And Resistance For NUE Stock
The 24-hour chart illustrates a support level at 118.70, which if violated will result in even more drops to 116.42. On the upside, there is a resistance level at 124.00. A further resistance level may holdings at 127.02. The Relative Strength Index (RSI) on the 14-day chart is 22.94, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.06%. Stochastics %K at 2.64% indicates the stock is a buying.
How much short interest is there in Nucor Corp?
A steep rise in short interest was recorded in Nucor Corp stocks on 2024-11-29, growing by 0.14 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.87 million shares. There was a rise of 2.74%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 20, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $190 price target.
