Stock Jumping Abnormally High: Nucor Corporation (NYSE:NUE)

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Nucor Corporation (NYSE:NUE) currently has a “Sell” signals on Composite indicators by TrendSpotter. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows “Sell” signal. 10 – 8 Day Moving Average Hilo Channel shows “Sell” signal. While 20-Day Moving Average VS Current Price shows “Sell” Signal.

Nucor Corporation (NYSE:NUE) lost -1.6 Percent and closed its previous trading session at $63.41. The stock traded with the average Volume of 2.3 Million at the end of last session.

Nucor Corporation (NYSE:NUE) has the Market Capitalization of 20.55 Billion. The Stock has its 52-week High of $70.48 and 52-Week Low of $51.67 and it touched its 52-week high on 01/12/18 and 52-Week Low on 09/12/17

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The company reported its last earnings Actual EPS of $2.07/share. While, the analyst predicted that the company could provide an EPS of $2.09/share. Hence the difference between Predicted EPS and Actual EPS reported is $-0.02/share which shows an Earnings Surprise of -1 Percent.

Sell side analysts plays vital role in buying and selling a stock where 4 analysts rated Nucor Corporation (NYSE:NUE) as Buy, 0 analysts given Outperform signal, 1 reported Hold, and 1 analysts rated the stock as Sell.

The stock’s current distance from 20-Day Simple Moving Average (SMA20) is -3.39% where SMA50 and SMA200 are -2.87% and -0.23% respectively.

The company shows its Return on Assets (ROA) value of 8.1%. The Return on Equity (ROE) value stands at 15.2%. While it’s Return on Investment (ROI) value is 10.8%.

Nucor Corporation (NYSE:NUE) currently has a Weekly Volatility of 1.46% percent while its Monthly Volatility is at 1.77% percent. While talking about Performance of the Stock, Nucor Corporation currently has a Weekly performance of -1.75%, monthly performance percentage is -0.8 percent, Quarterly performance is -0.69 percent, 6 months performance shows a percent value of 5.02% and Yearly Performance is 10.97 percent.

Company Profile:

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings etc. The Steel Products segment produces steel joists and joist girders, steel decks, fabricated concrete reinforcing and cold finished steel products, steel fasteners, metal building systems etc. The Raw Materials segment produces direct reduced iron; processes ferrous and nonferrous metals; brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; applies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. It also offers steel electrical conduits.

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