Steel Dynamics Inc’s recently made public that its Senior Vice President Pushis Glenn unloaded Company’s shares for reported $3.18 million on Feb 11 ’25. In the deal valued at $134.67 per share,23,649 shares were sold. As a result of this transaction, Pushis Glenn now holds 122,140 shares worth roughly $16.3 million.
Then, Pushis Glenn bought 23,649 shares, generating $3,142,243 in total proceeds.
Before that, Poinsatte Richard A sold 2,000 shares. Steel Dynamics Inc shares valued at $277,500 were divested by the Senior Vice President at a price of $138.75 per share. As a result of the transaction, Poinsatte Richard A now holds 21,101 shares, worth roughly $2.82 million.
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 0.25% to $133.48. Over the last five days, the stock has lost -4.01%. Steel Dynamics Inc shares have risen nearly 17.02% since the year began. Nevertheless, the stocks have risen 6.97% over the past one year. While a 52-week high of $155.56 was reached on 02/18/25, a 52-week low of $104.60 was recorded on 01/03/25. SMA at 50 days reached $124.59, while 200 days put it at $127.54.
Levels Of Support And Resistance For STLD Stock
The 24-hour chart illustrates a support level at 131.56, which if violated will result in even more drops to 129.65. On the upside, there is a resistance level at 134.89. A further resistance level may holdings at 136.31. The Relative Strength Index (RSI) on the 14-day chart is 55.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.17%. Stochastics %K at 52.06% indicates the stock is a holding.
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.
