Nucor Corporation ($NUE) Stock Forecast: Down 5.0% Today

What is Nucor Corporation?

Nucor Corporation (NYSE: NUE) is a leading American steel production company, known for its innovative technologies and sustainable practices. The overall market sentiment for steel stocks has been mixed recently, with concerns about global economic growth impacting demand.

Why is Nucor Corporation going down?

NUE stock is down 5.0% on Nov 12, 2024 16:12

• Leon Topalian, Chair at Nucor, selling a significant amount of company stock may have signaled lack of confidence in the company's future performance, leading to a bearish movement.
• Insider selling can sometimes be perceived as a negative signal by investors, causing a drop in the stock price as confidence wavers.
• This sell-off could have contributed to the overall bearish movement in Nucor's stock today, as investors may have followed suit in light of this insider action.

NUE Price Chart

NUE Technical Analysis

NUE News

Sell Alert: Leon Topalian Cashes Out $1.86M In Nucor Stock - Nucor ( NYSE:NUE )

Making a noteworthy insider sell on November 7, Leon Topalian, Chair at Nucor NUE, is reported in the latest SEC filing. What Happened: Topalian opted to sell 11,000 shares of Nucor, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday.

https://www.benzinga.com/insights/news/24/11/41846632/sell-alert-leon-topalian-cashes-out-1-86m-in-nucor-stock

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Nucor Corporation Price History

22.09.2024 - NUE Stock was down 6.3%

• Nucor's stock experienced a strong bearish movement following the release of its Q3 financial results and weak Q4 earnings guidance.
• The decline in NUE's earnings in the third quarter was primarily attributed to lower average selling prices in the steel industry.
• Despite the recent bearish trend, Nucor has historically outperformed the market over the past 20 years, showcasing its long-term growth potential.
• Investors were closely watching Nucor's earnings report, with analysts expecting a significant decrease in quarterly earnings compared to the previous year, contributing to the negative market sentiment surrounding the stock.

06.10.2024 - NUE Stock was up 17.7%

• Despite insider selling by REX KENNETH QUERY, Nucor stock saw a strong bullish movement.
• Normally, insider selling raises concerns among investors, but in this instance, it did not negatively impact the stock.
• The positive market movement may be due to favorable market sentiment towards the steel industry or external factors increasing demand for steel products.
• Investors could be viewing the insider selling as a personal financial choice rather than a reflection of Nucor's business outlook, resulting in an overall positive market response.

12.10.2024 - NUE Stock was down 5.0%

• Leon Topalian, Chair at Nucor, selling a significant amount of company stock may have signaled lack of confidence in the company's future performance, leading to a bearish movement.
• Insider selling can sometimes be perceived as a negative signal by investors, causing a drop in the stock price as confidence wavers.
• This sell-off could have contributed to the overall bearish movement in Nucor's stock today, as investors may have followed suit in light of this insider action.

12.09.2023 - NUE Stock was down 5.2%

• Nucor (NUE) experienced a strong bearish movement today.
• The materials sector, which includes steel and construction materials, has been underperforming the market this year.
• The sector has been affected by headwinds related to a slowing economy and commodity prices.
• With economists forecasting a recession in early 2024, the recovery for materials stocks may still be several quarters away.

23.03.2024 - NUE Stock was down 7.1%

• Nucor's stock showed strong bearish movement.
• Earnings in Nucor's steel mills unit increased sequentially in Q1.
• Shares of Nucor and Cleveland-Cliffs both decreased due to earnings misses and reduced demand for steel from key customers.
• The bearish movement in Nucor's stock was influenced by earnings misses and decreased demand for steel from key customers, despite exceeding revenue estimates in Q1.

31.00.2024 - NUE Stock was up 6.9%

• Nucor's stock was upgraded from a hold rating to a buy rating by StockNews.com.
• Nucor CEO, Leon Topalian, discussed the steel industry and the company's earnings report with CNBC's Jim Cramer.
• Deutsche Bank analyst Omotayo Okusanya initiated coverage on Sabra Health Care REIT with a Buy rating, which may have positively impacted Nucor's stock.
• The CEO of TimkenSteel Corporation sold shares, which is unrelated to Nucor's bullish movement.

18.11.2023 - NUE Stock was up 4.5%

• Nucor's rating was downgraded from "buy" to "hold" by StockNews.com, but this did not impact the stock's bullish movement.
• Nucor announced a 5.9% increase in its quarterly dividend, which could have contributed to the positive market movement.
• Steel Dynamics, another steel company, experienced a surge in its stock price following positive remarks about steel price increases, which could have had a spillover effect on Nucor's stock.
• Nucor provided disappointing fourth-quarter guidance, but the market remained stable as investors focused on future prospects.

15.02.2024 - NUE Stock was up 3.5%

• Nucor's lower-than-expected Q1 profit guidance initially led to a downgrade, causing some uncertainty among investors.
• Despite the downgrade, smart money seems to be betting big on NUE options, indicating a bullish outlook by institutional or wealthy individual investors.
• The recent upgrade of Nucor by a major financial institution, while downgrading another steel company, further supports the bullish sentiment towards NUE, as analysts remain optimistic about the mid-term prospects for the steel industry.
• The combination of positive analyst outlook, smart money betting on NUE options, and the overall market sentiment towards the steel industry likely contributed to the strong bullish movement in Nucor's stock.

24.09.2023 - NUE Stock was up 5.0%

• Nucor's Q3 earnings and sales surpassed estimates, indicating strong financial performance.
• Despite lower prices and volumes, Nucor managed to report better-than-expected earnings, showcasing resilience in the face of market challenges.
• The positive surprise in earnings and revenues may have contributed to the bullish movement in Nucor's stock.
• However, the company anticipates a sequential profit drop in Q4, which could be a factor to watch for potential market movement in the future.

15.08.2023 - NUE Stock was down 5.2%

• NUE's stock price closed at a -0.09% move from the previous day, indicating a bearish trend.
• The recent increase in short interest suggests that traders are betting on NUE's stock price to fall.
• The upgrade of NUE's rating from "hold" to "buy" by multiple research firms may indicate positive sentiment, but it doesn't seem to have had an immediate impact on the stock price.
• Overall, the bearish movement in NUE's stock price could be attributed to market volatility and the increase in short interest. The positive rating upgrades may provide some optimism for the future.

23.03.2024 - NUE Stock was down 5.8%

• Nucor's stock witnessed significant bearish movement post its first-quarter financial results announcement, which did not meet analyst expectations.
• The decrease in selling prices and a pessimistic outlook shared by Nucor were factors influencing the stock's decline.
• Falling short of EPS estimates and revealing a drop in year-over-year profits further contributed to the negative perception surrounding Nucor's stock.
• The combination of varying Q1 results, reduced selling prices, and missed revenue and earnings projections likely fueled the downward trend in Nucor's stock price.

03.03.2024 - NUE Stock was down 0.1%

• Nucor's acquisition of Southwest Data Products, Inc. (SWDP) for $115 million and the launch of Nucor Data Systems signals the company's strategic expansion into the data center infrastructure market.
• The market's bearish movement today could be attributed to profit-taking by investors after Nucor's stock reached $200, reflecting a +1.06% change compared to its last close.
• While the acquisition positions Nucor as a key supplier in the data center infrastructure market, investors may be cautious due to uncertainties surrounding the integration of SWDP and the potential impact on Nucor's core steel-centric ventures.
• The focus on stable income dividend stocks in the market may have also influenced investor sentiment towards Nucor, as they assess the company's ability to maintain consistent dividend payments amidst its strategic diversification efforts.