Nucor Corp. (NUE): Today's Featured Metals & Mining Laggard
(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Nucor fell $0.63 (-1.4%) to $44.16 on average volume. Throughout the day, 2,160,322 shares of Nucor exchanged hands as compared to its average daily volume of 2,044,500 shares. The stock ranged in price between $43.77-$44.97 after having opened the day at $44.82 as compared to the previous trading day's close of $44.79. Other companies within the Metals & Mining industry that declined today were:
(
), down 45.6%,
(
), down 21.9%,
(
), down 8.3% and
(
), down 7.0%.
Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. Nucor has a market cap of $13.9 billion and is part of the basic materials sector. Shares are up 1.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Nucor a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Nucor
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Nucor Ratings Report.
On the positive front,
(
), up 22.2%,
(
), up 20.0%,
(
), up 18.0% and
(
), up 15.2% , were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
null