Nucor Corporation (NUE) has experienced a significant downturn in share prices with a
26-33% slump leading to a
52-week low at $113.93. The stock has not impressed the market despite
Jim Cramer's endorsement of NUE as the 'Gold Standard'. Concerning earnings, NUCOR has foreshadowed an
82% downturn in Q4 and despite returning $2.7B to shareholders. Although
Q3 results have surpassed estimates, they have also declined YoY. Cramer anticipates NUE could be 'an interesting level to get long' with the possibility of
Fed rate cuts.
Dividend payouts have increased to $0.55 garnering attention from analysts. However, softer steel prices and steel slowdowns have impacted Q4 guidance and overall stock performance. Questions surround the company regarding their
insider trading habits, as company executives including the CEO and CFO have sold significant amounts of stock. Despite these concerns, NUE is pursuing growth strategies, experiencing a successful week adding to one-year returns, and is identified by some analysts as an undervalued stock.
Nucor Corporation NUE News Analytics from Wed, 20 Mar 2024 07:00:00 GMT to Fri, 03 Jan 2025 15:59:15 GMT -
Rating -7
- Innovation -5
- Information 8
- Rumor -9
