Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Steel Dynamics Inc shares valued at $277,500 were sold by Poinsatte Richard A on Nov 15 ’24. At $138.75 per share, Poinsatte Richard A sold 2,000 shares. The insider’s holdings dropped to 21,101 shares worth approximately $2.59 million following the completion of this transaction.
Also, Poinsatte Richard A purchased 2,000 shares, netting a total of over 275,620 in proceeds.
Before that, Alvarez Miguel had sold 6,650 shares from its account. In a trade valued at $950,950, the Senior Vice President traded Steel Dynamics Inc shares for $143.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,650 shares, worth approximately $14.37 million.
As published in a research note from Exane BNP Paribas on January 03, 2025, Steel Dynamics Inc [STLD] has been rated up from a Neutral to an Outperform. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of December 02, 2024, Goldman has initiated its “Neutral” rating for STLD. Earlier on October 01, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for STLD stock which previously was a “a Neutral”.
Analyzing STLD Stock Performance
During the last five days, there has been a drop of approximately -0.51%. Over the course of the year, Steel Dynamics Inc shares have jumped approximately 7.73%. Shares of the company reached a 52-week high of $128.50 on 01/21/25 and a 52-week low of $110.91 on 01/03/25. A 50-day SMA is recorded $130.17, while a 200-day SMA reached $128.34. Nevertheless, trading volume fell to 1.86 million shares from 1.93 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 121.68, which, if violated, would cause prices to drop to 120.48. In the upper region, resistance lies at 124.99. The next price resistance is at 127.10. RSI (Relative Strength Index) is 49.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.42, which suggests the price will increase in the coming days. Percent R is at 31.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
