Watch for Continued Gains in Shares of Nucor Corporation (NUE)

March 25, 2022 10:23:01

Nucor Corporation (NYSE:NUE) traded today at a new 52-week high of $155.24. This new high was reached on below average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 3.3 million shares.

Nucor Corporation share prices have moved between a 52-week high of $155.24 and a 52-week low of $68.84 and are now trading 125% above that low price at $154.80 per share.

Nucor Corporation (NYSE:NUE) is currently priced 5.4% above its average consensus analyst price target of $146.41.

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.

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