In a filing, Steel Dynamics Inc revealed 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 $15.43 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 $2.67 million.
Wolfe Research upgraded its Steel Dynamics Inc [STLD] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid February from “a Sector weight” to “an Overweight”. Jefferies also remained covering STLD and has increased its forecast on January 24, 2025 with a “Buy” recommendation from previously “Hold” rating. Exane BNP Paribas revised its rating on January 03, 2025. It rated STLD as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of STLD
On Tuesday, Steel Dynamics Inc [NASDAQ:STLD] saw its stock fall -3.16% to $126.37. Over the last five days, the stock has lost -5.33%. Steel Dynamics Inc shares have risen nearly 10.78% since the year began. Nevertheless, the stocks have fallen -5.57% 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 $125.30, while 200 days put it at $127.48.
Levels Of Support And Resistance For STLD Stock
The 24-hour chart illustrates a support level at 123.81, which if violated will result in even more drops to 121.25. On the upside, there is a resistance level at 129.12. A further resistance level may holdings at 131.87. The Relative Strength Index (RSI) on the 14-day chart is 42.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.86%. Stochastics %K at 27.15% indicates the stock is a holding.
