28-Mar-2024
TipRanks (Fri, 29-Mar 4:58 AM ET)
TipRanks (Wed, 27-Mar 6:33 AM ET)
Oppenheimer: S&P 500 top might not come until 2025; spotlights infrastructure stocks
Seeking Alpha News (Mon, 25-Mar 11:19 AM ET)
TipRanks (Mon, 25-Mar 2:49 AM ET)
Steel Dynamics Provides First Quarter 2024 Earnings Guidance
PRNewswire (Fri, 15-Mar 7:45 AM ET)
Steel Dynamics Announces First Quarter 2024 Cash Dividend Increase of 8%
PRNewswire (Mon, 26-Feb 8:00 AM ET)
Steel Dynamics Announces Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast
PRNewswire (Wed, 24-Jan 8:00 AM ET)
Steel Dynamics Reports Fourth Quarter and Annual 2023 Results
PRNewswire (Tue, 23-Jan 4:30 PM ET)
Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, steel fabrication operations, Aluminum Operations Segment, and others. It generates maximum revenue from the steel operations segment.
Steel Dynamics trades on the NASDAQ stock market under the symbol STLD.
As of March 28, 2024, STLD stock price climbed to $148.23 with 871,739 million shares trading.
STLD has a beta of 0.99, meaning it tends to be less sensitive to market movements. STLD has a correlation of 0.15 to the broad based SPY ETF.
STLD has a market cap of $23.99 billion. This is considered a Large Cap stock.
Last quarter Steel Dynamics reported $4 billion in Revenue and $2.61 earnings per share. This beat revenue expectation by $93 million and missed earnings estimates by -$.05.
In the last 3 years, STLD stock traded as high as $148.74 and as low as $49.28.
The top ETF exchange traded funds that STLD belongs to (by Net Assets): VTI, VOO, COWZ, SPY, VB.
STLD has outperformed the market in the last year with a price return of +35.9% while the SPY ETF gained +33.6%. STLD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +23.8% and +11.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
STLD support price is $144.30 and resistance is $149.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STLD stock will trade within this expected range on the day.