Nucor Corporation (NUE) Dips 2.71% for April 09

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday April 09 was Nucor Corporation (NUE). The stock experienced a 2.71% decline to $58.84 with 1.89 million shares changing hands.

Nucor Corporation started at an opening price of 60.08 and hit a high of $60.08 and a low of $58.76. Ultimately, the stock took a hit and finished the day at $1.64 per share. Nucor Corporation trades an average of n/a shares a day out of a total 304.78 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Nucor Corporation hit a high of $68.84 and a low of $49.79 over the last year.

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.

With its headquarters located in Charlotte, NC, Nucor Corporation employs 26,300 people. After today’s trading, the company’s market cap has fallen to $17.93 billion, a P/S of n/a, a P/B of 1.83, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

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 Equities.com’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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