Shares of Steel Dynamics Inc. (NASDAQ:STLD) traded today at $87.27, eclipsing its 52-week high. So far today approximately 284,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.
In the past 52 weeks, shares of Steel Dynamics Inc. have traded between a low of $44.44 and a high of $87.27 and is now at $86.58, which is 95% above that low price.
Steel Dynamics operates scrap-based steel minimills with roughly 13 million tons of annual steel production capacity. The company manufactures steel products that primarily serve the construction, automotive, manufacturing, and transportation end markets. It also processes and sells recycled ferrous and nonferrous metals and operates a steel fabrication business that manufactures products for the nonresidential construction industry.
Steel Dynamics Inc. (NASDAQ:STLD) defies analysts with a current price ($86.58) 2.6% above its average consensus price target of $84.29.
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