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 $15.15 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 $2.62 million.
BMO Capital Markets upgraded its Steel Dynamics Inc [STLD] rating to an Outperform from a a Market perform in a research note published on March 31, 2025; the price target was increased to $145 from $135. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Morgan Stanley also remained covering STLD and has increased its forecast on March 07, 2025 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Wolfe Research revised its rating on February 27, 2025. It rated STLD as “a Peer perform” which previously was an “an Underperform”.
Price Performance Review of STLD
On Tuesday, Steel Dynamics Inc [NASDAQ:STLD] saw its stock fall -0.86% to $124.00. Over the last five days, the stock has lost -3.12%. Steel Dynamics Inc shares have risen nearly 8.71% since the year began. Nevertheless, the stocks have fallen -16.35% 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 $128.21, while 200 days put it at $126.94.
Levels Of Support And Resistance For STLD Stock
The 24-hour chart illustrates a support level at 122.60, which if violated will result in even more drops to 121.20. On the upside, there is a resistance level at 125.30. A further resistance level may holdings at 126.60. The Relative Strength Index (RSI) on the 14-day chart is 44.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.59%. Stochastics %K at 39.89% indicates the stock is a holding.
How much short interest is there in Steel Dynamics Inc?
A steep rise in short interest was recorded in Steel Dynamics Inc stocks on 2025-03-14, dropping by -1.28 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.97 million shares. There was a decline of -47.3%, which implies that there is a negative sentiment for the stock.
