Nucor Corp’s recent filing unveils 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 $9.86 million.
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 $19.87 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 Friday, Nucor Corp [NYSE:NUE] saw its stock jump 0.85% to $115.45. Over the last five days, the stock has lost -2.69%. Nucor Corp shares have fallen nearly -1.08% since the year began. Nevertheless, the stocks have fallen -34.62% over the past one year. While a 52-week high of $203.00 was reached on 01/02/25, a 52-week low of $113.94 was recorded on 01/03/25. SMA at 50 days reached $139.94, while 200 days put it at $156.91.
Levels Of Support And Resistance For NUE Stock
The 24-hour chart illustrates a support level at 113.11, which if violated will result in even more drops to 110.77. On the upside, there is a resistance level at 116.93. A further resistance level may holdings at 118.41. The Relative Strength Index (RSI) on the 14-day chart is 26.90, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.71%. Stochastics %K at 9.97% 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 2024-12-13, growing by 31911.0 shares to a total of 5.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.81 million shares. There was a rise of 0.55%, 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.
