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 $14.75 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 $2.55 million.
Morgan Stanley upgraded its Steel Dynamics Inc [STLD] rating to an Overweight from a an Equal-weight in a research note published on March 07, 2025; the price target was increased to $158 from $145. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in late February from “an Underperform” to “a Peer perform”. KeyBanc Capital Markets also remained covering STLD and has increased its forecast on February 11, 2025 with a “an Overweight” recommendation from previously “Sector weight” rating. Jefferies revised its rating on January 24, 2025. It rated STLD as “a Buy” which previously was an “a Hold”.
Price Performance Review of STLD
On Tuesday, Steel Dynamics Inc [NASDAQ:STLD] saw its stock jump 1.14% to $120.76. Over the last five days, the stock has lost -4.44%. Steel Dynamics Inc shares have risen nearly 5.86% since the year began. Nevertheless, the stocks have fallen -8.80% 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 $126.05, while 200 days put it at $127.20.
Levels Of Support And Resistance For STLD Stock
The 24-hour chart illustrates a support level at 118.95, which if violated will result in even more drops to 117.14. On the upside, there is a resistance level at 122.98. A further resistance level may holdings at 125.20. The Relative Strength Index (RSI) on the 14-day chart is 36.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.03%. Stochastics %K at 13.30% indicates the stock is a buying.
