Nucor Corporation (NUE) Rises 2.79% for January 29

Equities Staff  |

Among the biggest risers on the S&P 500 on Tuesday January 29 was Nucor Corporation ($NUE), popping some 2.79% to a price of $60.13 a share with some 3.39 million shares trading hands.

Starting the day trading at $60.21, Nucor Corporation reached an intraday high of $61.28 and hit intraday lows of $59.39. Shares gained $1.63 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 2.63 million of its 313.93 million share total float. Today’s action puts the stock’s 50-day SMA at $56.96 and 200-day SMA at $61.11 with a 52-week range of $49.79 to $70.03.

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.

Nucor Corporation has its corporate headquarters located in Charlotte, NC and employs 25,100 people. Its market cap has now risen to $18.88 billion after today’s trading, its P/E ratio is now 8.9, its P/S 0.98, P/B 1.93, and P/FCF 23.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Nucor Corporation, check out Stock Valuation Analysis tool for NUE.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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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