Reported 1 day ago
Nucor Corporation, a leading steel manufacturer based in Charlotte, North Carolina, has shown mixed performance compared to the S&P 500. While Nucor's stock gained 13.8% in the last three months, outpacing the S&P 500's 8.2%, its year-to-date growth of 21.6% still falls short compared to the index’s 11.1% return. Although it recently traded above its 200-day moving average, the stock has struggled, registering a mere 1.6% rise over the past year while the S&P 500 achieved an 18.9% gain. Despite this, analysts maintain a strong buy rating on Nucor's stock.
Source: YAHOO