Nucor Corporations in-depth stock price analysis indicates that the stock price has rallied 3.65% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 25.26% . Looking at the past 52 week period, the stock price is up at 52.36% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Nucor Corporation has a positive value of 25.84 compared to overall market. Nucor Corporation (NYSE:NUE) has climbed 6.35% in the past week and advanced 1.03% in the last 4 weeks. The company has outperformed the S&P 500 by 5.49% in the past week but underperformed the index by 0.78% in the last 4 weeks.
Nucor Corporation (NYSE:NUE) : On Friday heightened volatility was witnessed in Nucor Corporation (NYSE:NUE) which led to swings in the share price. The stock opened for trading at $61.63 and hit $61.9 on the upside , eventually ending the session at $60.99, with a gain of 0.03% or 0.02 points. The heightened volatility saw the trading volume jump to 5,096,300 shares. The 52-week high of the share price is $68 and the company has a market cap of $19,424 million. The 52-week low of the share price is at $37.71 .
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.Company shares were Reiterated by Barclays on Feb 6, 2017 to Overweight, Raises Price Target to $ 67 from a previous price target of $63 .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.
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 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.