Is Nucor Corp (NUE) Stock About to Get Hot Monday?

Overall market sentiment has been high on Nucor Corp (NUE) stock lately. NUE receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Nucor Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NUE!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NUE Stock Today?

Nucor Corp (NUE) stock is higher by 1.09% while the S&P 500 has fallen -0.3% as of 3:17 PM on Monday, Apr 1. NUE is up $2.15 from the previous closing price of $197.90 on volume of 464,528 shares. Over the past year the S&P 500 has risen 27.01% while NUE is up 29.52%. NUE earned $18.00 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.11.

More About Nucor Corp

Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue. Click Here to get the full Stock Report for Nucor Corp stock.