On March 12, Daniel Needham, Executive Vice President at Nucor (NYSE:NUE) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: Needham demonstrated confidence in Nucor by purchasing 2,324 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the transaction is $431,860.
Nucor shares are trading up 0.63% at $185.99 at the time of this writing on Tuesday morning.
All You Need to Know 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 Growth: Nucor's revenue growth over a period of 3 months has faced challenges. As of 31 ...