Nucor Corporation (NUE) Dips 3.09% for March 22

Equities Staff  |

Among the S&P 500’s biggest fallers on Friday March 22 was Nucor Corporation (NUE). The stock experienced a 3.09% decline to $57.00 with 2.18 million shares changing hands.

Nucor Corporation started at an opening price of 58.23 and hit a high of $58.35 and a low of $56.68. Ultimately, the stock took a hit and finished the day at $1.82 per share. Nucor Corporation trades an average of n/a shares a day out of a total 305.38 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 $17.41 billion, a P/S of n/a, a P/B of 1.78, 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The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns.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’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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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