Steel Dynamics Inc (NASDAQ: STLD). Extremely significant negative changes in investment behavior have recently occurred: its longer term price trend turned down, and its shorter term price trend turned down.
Significant negative changes in Steel Dynamics Inc (NASDAQ: STLD) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Steel Dynamics has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Steel Dynamics has a good Appreciation Score of 82 but a poor Power Rating of 25, with the Neutral Value Trend Rating the result.
Recent Price Action
Steel Dynamics Inc (NASDAQ: STLD) stock declined slightly by -0.5% on 12/16/24. The stock closed at $121.71. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -11.1% during the last week.
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