Nucor Corp’s filing revealed 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 $10.27 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 $20.71 million.
UBS upgraded its Nucor Corp [NUE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Goldman began covering NUE with “Buy” recommendation on December 02, 2024. JP Morgan revised its rating on September 09, 2024. It rated NUE as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NUE
On Monday, Nucor Corp [NYSE:NUE] saw its stock fall -1.32% to $120.34. Over the last five days, the stock has lost -5.54%. Nucor Corp shares have risen nearly 3.11% since the year began. Nevertheless, the stocks have fallen -39.39% 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 $130.62, while 200 days put it at $142.15.
Levels Of Support And Resistance For NUE Stock
The 24-hour chart illustrates a support level at 118.06, which if violated will result in even more drops to 115.77. On the upside, there is a resistance level at 121.68. A further resistance level may holdings at 123.02. The Relative Strength Index (RSI) on the 14-day chart is 36.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.69%. Stochastics %K at 30.48% indicates the stock is a holding.
How much short interest is there in Nucor Corp?
A steep rise in short interest was recorded in Nucor Corp stocks on 2025-03-14, dropping by 53144.0 shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.62 million shares. There was a decline of -1.16%, which implies that there is a negative sentiment for the stock.
