Nucor Corporation (NUE) Moves Lower on Volume Spike for February 15

Equities Staff  |

Nucor Corporation (NUE) traded on unusually high volume on Feb. 15, as the stock lost 0.39% to close at $59.50. On the day, Nucor Corporation saw 3.95 million shares trade hands on 30,714 trades. Considering that the stock averages only a daily volume of 2.57 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $69.79 and $49.79 over the last 52-weeks, its 50-day SMA is now $56.96, and its 200-day SMA $61.06. Nucor Corporation has a P/B ratio of 1.86. It also has a P/E ratio of 8.3.

The largest steelmaker in the United States by production volume, Nucor uses electric arc furnaces to produce a wide variety of steel products that service all major end markets. Nucor is involved in every phase of the steelmaking value chain, from collecting and processing scrap to manufacturing value-added fabricated steel products.

Headquartered in Charlotte, NC, Nucor Corporation has 25,100 employees and is currently under the leadership of CEO John J. Ferriola.

For a complete fundamental analysis analysis of Nucor Corporation, check out’s Stock Valuation Analysis report for NUE.

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To get more information on Nucor Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: NUE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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