Nucor Corp (NYSE: NUE) stock closed at $167.74 on 11/6/24 after a major increase of 16.0%. Moreover, exceptionally high trading volume at 421% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 14.0% during the last week.
Current PriceTarget Research Rating
NUE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Nucor has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Nucor has a very high Appreciation Score of 87 but a very low Power Rating of 7, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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