Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nucor Corp before investing.

In this article, we go over a few key elements for understanding Nucor Corp’s stock price such as:

• Nucor Corp’s current stock price and volume
• Why Nucor Corp’s stock price changed recently
• Upgrades and downgrades for NUE from analysts
• NUE’s stock price momentum as measured by its relative strength

About Nucor Corp (NUE)

Before we jump into Nucor Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Nucor Corporation is a manufacturer of steel and steel products. The Company’s segments include Steel Mills, Steel Products and Raw Materials. The Steel Mills segment produces carbon and alloy steel in bars, beams, sheet, and plate. The Steel Products segment produces steel joists and joist girders, steel deck, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, steel piling, precision castings, overhead doors, and utility structures. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. The Company is also a recycler. The Company has operating facilities in the United States, Canada, and Mexico.

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Nucor Corp’s Stock Price as of Market Close

As of January 30, 2024, 4:00 PM, CST, Nucor Corp’s stock price was $188.90.

Nucor Corp is up 6.94% from its previous closing price of $176.64.

During the last market session, Nucor Corp’s stock traded between $173.13 and $177.09. Currently, there are 248.50 million shares of Nucor Corp stock available for purchase.

Nucor Corp’s price-earnings (P/E) ratio is currently at 8.9, which is low compared to the Metals & Mining - Iron & Steel industry median of 13. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Nucor Corp Stock Price History

Nucor Corp’s (NUE) price is currently up 8.54% so far this month.

During the month of January, Nucor Corp’s stock price has reached a high of $190.74 and a low of $165.29.

Over the last year, Nucor Corp has hit prices as high as $182.68 and as low as $129.79. Year to date, Nucor Corp’s stock is up 43.31%.

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What Caused Nucor Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of January 29, 2024, there was 1 analyst who downgraded Nucor Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Nucor Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nucor Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nucor Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nucor Corp (NUE) by visiting AAII Stock Evaluator.

Relative Price Strength of Nucor Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of January 29, 2024, Nucor Corp has a weighted four-quarter relative price strength of -2.52%, which translates to a Momentum Score of 61 and is considered to be Strong.

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Nucor Corp Stock Price: Bottom Line

As of January 30, 2024, Nucor Corp’s stock price is $188.90, which is up 6.94% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nucor Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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