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 $11.45 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 $23.08 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 Monday, Nucor Corp [NYSE:NUE] saw its stock fall -2.47% to $134.07. Over the last five days, the stock has lost -1.55%. Nucor Corp shares have risen nearly 14.87% since the year began. Nevertheless, the stocks have fallen -30.24% over the past one year. While a 52-week high of $203.00 was reached on 02/18/25, a 52-week low of $112.25 was recorded on 01/03/25. SMA at 50 days reached $126.67, while 200 days put it at $146.04.
Levels Of Support And Resistance For NUE Stock
The 24-hour chart illustrates a support level at 130.67, which if violated will result in even more drops to 127.26. On the upside, there is a resistance level at 138.80. A further resistance level may holdings at 143.52. The Relative Strength Index (RSI) on the 14-day chart is 51.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.21%. Stochastics %K at 34.27% indicates the stock is a holding.
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.
