NUE - Major Purchase Alert: Chad Utermark Invests $1.14M In Nucor Stock | Benzinga
In a recent SEC filing, it was revealed that Chad Utermark, Executive Vice President at Nucor (NYSE:NUE), made a noteworthy insider purchase on March 12,.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Utermark purchased 6,115 shares of Nucor. The total transaction amounted to $1,136,426.
During Tuesday's morning session, Nucor shares up by 0.63%, currently priced at $185.99.
About 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's Economic Impact: An Analysis
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 ...