A notable insider purchase on March 12, was reported by Leon Topalian, Chair at Nucor (NYSE:NUE), based on the most recent SEC filing.
What Happened: Topalian's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, involves purchasing 3,783 shares of Nucor. The total transaction value is $703,124.
The latest market snapshot at Tuesday morning reveals Nucor shares up by 0.63%, trading 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.
Financial Milestones: Nucor's Journey
Negative Revenue Trend: Examining Nucor's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -11.69% in ...