History Shows NUE could rally into earnings

13 April 2023, 11:55 AM

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By Dmitry Pargamanik

NUE Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, NUE stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.0% Gains
NUE is scheduled to report earnings on 20-Apr-2023. The last time Nucor reported earnings on Jan 26, 2023, the stock increased by 8.4% to close at $169.24. At its current price of $146.15, NUE post earnings drift is -13.6%. Typically, traders tended to bid up NUE shares (heading into earnings) prior to its scheduled release.

NUE Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves NUE had for the last 12 quarters around earnings. The 3 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.0%. That was actually a better bullish play than holding NUE through earnings that saw a 1.9% gain.

NUE historical stock price movement before earnings

Go to NUE Historical Price Movements Around Earnings page



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