Shares of Nucor Corporation (NUE) Sees Large Inflow of Net Money Flow

Nucor Corporation (NUE) dropped by -2 or -1.16 points during the last session to $56.93 per share. One of the highlights of the day was the net money flow figure, which stood at $9.22 million even as the stock accepted $57.16 million in upticks but rejected $47.94 million in downticks. The up/down ratio for the last observation was a 1.19. The 1-week percentage change for the stock price is registered at -6.69%.A block transaction occurred with $9.39 million in upticks and $2.21 million in downticks while the up/down ratio was calculated to be 4.25. The stock witnessed a net inflow of $7.18 million at the end of the block trade.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Nucor Corporation has lost 4.66% in the last five trading days and dropped 4.35% in the last 4 weeks. Nucor Corporation is up 17.26% in the last 3-month period. Year-to-Date the stock performance stands at -4.35%. Nucor Corporation (NYSE:NUE) witnessed a decline in the market cap on Wednesday as its shares dropped 2% or 1.16 points. After the session commenced at $58.57, the stock reached the higher end at $59.29 while it hit a low of $56.19. With the volume soaring to 4,771,610 shares, the last trade was called at $56.93. The company has a 52-week high of $68. The company has a market cap of $18,131 million and there are 318,485,160 shares in outstanding. The 52-week low of the share price is $37.71.

Company has reported several Insider transactions to the SEC, on Nov 15, 2016, James R Darsey (Executive Vice President) sold 30,202 shares at 58.01 per share price.On Nov 15, 2016, Robert J Stratman (Executive Vice President) sold 15,744 shares at 59.21 per share price.On Jul 28, 2016, James D Frias (CFO, Treasurer and EVP) sold 9,000 shares at 53.14 per share price.

Nucor Corporation Last issued its quarterly earnings results on Jan 31, 2017. The company reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.16. Analyst had a consensus of $0.34. The company had revenue of $3956.54 million for the quarter, compared to analysts expectations of $3852.42 million. The companys revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Nucor Corporation was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 9, 2017. Nucor Corporation was Upgraded by Berenberg to Buy on Dec 6, 2016. Nucor Corporation was Downgraded by Macquarie to Underperform on Nov 29, 2016. Nucor Corporation was Downgraded by Berenberg to Hold on Nov 14, 2016. Nucor Corporation was Upgraded by BofA/Merrill to Buy on Nov 9, 2016.

Nucor Corporation manufactures and sells steel products. Principal steel products are hot-rolled steel (angles, rounds, flats, channels, sheet, wide-flange beams, pilings, billets, blooms and beam blanks), cold-rolled steel, cold finished steel, steel joists and joist girders, steel deck, steel fasteners and steel grinding balls. Nucor is the largest recycler in the United States. Nucor and affiliates are manufacturers of steel products, with operating facilities in fourteen states.


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