Shares of Steel Dynamics, Inc. (STLD) Sees Large Inflow of Net Money Flow

The shares of Steel Dynamics, Inc. (STLD) traded with a loss of -0.65 points or -1.92% in the most recent session. The shares last traded at $33.16. As per the trading info, the shares saw $11.73 million in upticks and lost $8.56 million in downticks, resulting in a net money flow of $3.17 million. The up/down ratio for the day was measured at 1.37. For the week, the shares had posted -8.47%.From the block trade data available, the total upticks were valued at $2.97 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $2.97 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Steel Dynamics, Inc. has lost 1.15% in the last five trading days and dropped 5.93% in the last 4 weeks. Steel Dynamics, Inc. is up 22.35% in the last 3-month period. Year-to-Date the stock performance stands at -5.93%. Steel Dynamics, Inc. (NASDAQ:STLD) witnessed a decline in the market cap on Wednesday as its shares dropped 1.01% or 0.34 points. After the session commenced at $34.23, the stock reached the higher end at $34.66 while it hit a low of $32.81. With the volume soaring to 5,118,212 shares, the last trade was called at $33.47. The company has a 52-week high of $40.17. The company has a market cap of $8,160 million and there are 243,815,240 shares in outstanding. The 52-week low of the share price is $16.885.

Company has reported several Insider transactions to the SEC, on Nov 2, 2016, Keith E Busse (director) sold 2,000 shares at 27.33 per share price.On Jul 27, 2016, Jurgen Dr Kolb (director) sold 17,900 shares at 26.85 per share price.On Aug 28, 2015, Richard P Jr Teets (Executive Vice President) purchased 6,000 shares at 18.75 per share price.

Steel Dynamics Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.42. The company had revenue of $1910.60 million for the quarter, compared to analysts expectations of $1866.96 million. The companys revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Steel Dynamics was Downgraded by Credit Suisse to Neutral on Jan 12, 2017. Steel Dynamics was Upgraded by Berenberg to Buy on Dec 6, 2016. Steel Dynamics was Downgraded by Macquarie to Neutral on Nov 29, 2016. Steel Dynamics was Downgraded by Berenberg to Hold on Nov 14, 2016. Steel Dynamics was Downgraded by Rosenblatt to Neutral on Nov 14, 2016.

Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The companys customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing.


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