NUE - Chief Operating Officer Of Nucor Purchased $250K In Stock | Benzinga
On March 12, a substantial insider purchase was made by David Sumoski, Chief Operating Officer at Nucor (NYSE:NUE), as per the latest SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Sumoski increased their investment in Nucor by purchasing 1,345 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $250,030.
Tracking the Tuesday's morning session, Nucor shares are trading at $185.99, showing a up of 0.63%.
Unveiling the Story Behind Nucor
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. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.
Nucor: Financial Performance Dissected
Revenue Challenges: Nucor's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -11.69%. This indicates a decrease in ...