In a filing, Steel Dynamics Inc revealed its Officer Pushis Glenn acquired Company’s shares for reported $3.14 million on Feb 11 ’25. In the deal valued at $132.87 per share,23,649 shares were bought.
Then, Poinsatte Richard A sold 2,000 shares, generating $277,500 in total proceeds. Upon selling the shares at $138.75, the Senior Vice President now owns 21,101 shares.
Before that, Poinsatte Richard A bought 2,000 shares. Steel Dynamics Inc shares valued at $275,620 were divested by the Senior Vice President at a price of $137.81 per share.
KeyBanc Capital Markets upgraded its Steel Dynamics Inc [STLD] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Exane BNP Paribas also remained covering STLD and has increased its forecast on January 03, 2025 with a “an Outperform” recommendation from previously “Neutral” rating. UBS revised its rating on December 12, 2024. It rated STLD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of STLD
On Tuesday, Steel Dynamics Inc [NASDAQ:STLD] saw its stock jump 1.50% to $134.86. Over the last five days, the stock has gained 6.71%. Steel Dynamics Inc shares have risen nearly 18.23% since the year began. Nevertheless, the stocks have risen 8.03% over the past one year. While a 52-week high of $155.56 was reached on 02/11/25, a 52-week low of $104.60 was recorded on 01/03/25. SMA at 50 days reached $125.75, while 200 days put it at $127.46.
Levels Of Support And Resistance For STLD Stock
The 24-hour chart illustrates a support level at 132.94, which if violated will result in even more drops to 131.02. On the upside, there is a resistance level at 137.04. A further resistance level may holdings at 139.22. The Relative Strength Index (RSI) on the 14-day chart is 65.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.44%. Stochastics %K at 79.18% indicates the stock is a holding.
How much short interest is there in Steel Dynamics Inc?
A steep rise in short interest was recorded in Steel Dynamics Inc stocks on 2024-12-31, growing by 0.79 million shares to a total of 3.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.96 million shares. There was a rise of 21.1%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 02, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $155 price target.
