Nucor (NUE) ended the recent trading session at $200, demonstrating a +1.06% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.2%. Elsewhere, the Dow lost 0.6%, while the tech-heavy Nasdaq added 0.11%.Prior to today's trading, shares of the steel company had gained 3.78% over the past month. This has lagged the Basic Materials sector's gain of 6.88% and outpaced the S&P 500's gain of 3.32% in that time.The investment community will be closely monitoring the perfo ...

Nucor Corporation acquires the manufacturer for $115 million SAN BERNARDINO, Calif., April 1, 2024 /PRNewswire/ -- Montage Partners, a people-first private equity firm based in Scottsdale, Arizona, today announces the successful exit of its investment in Southwest Data Products ("SWDP" or the "Company"), a leading manufacturer of branded airflow containment systems, server enclosures, security caging, and cable management systems used in the world's most advanced data centers to house and protect computer n ...

CHARLOTTE, N.C., April 1, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it has acquired Southwest Data Products, Inc. (SWDP), a manufacturer and installer of data center infrastructure for $115 million. SWDP's offices and manufacturing facility are in San Bernardino, California and the company employs approximately 147 teammates.  Nucor is also announcing the launch of Nucor Data Systems, a new business unit that will help better serve our customers in the data center infrastructur ...

Nucor Corporation (NUE) recently signed an agreement with Mercedes-Benz, for the supply of Econiq-RE for the Mercedes-Benz models manufactured at its Tuscaloosa, AL plant.Since its establishment in 2022, Econiq has been at the forefront of the global steel industry, particularly in certifying low-embodied carbon materials. The introduction of Econiq-RE marks a significant evolution within Econiq, certifying Nucor steel or steel products manufactured using 100% renewable energy. This innovation promises to s ...

CHARLOTTE, N.C., March 20, 2024 /PRNewswire/ -- Today, Nucor Corporation (NYSE: NUE) announced that it has signed an agreement with Mercedes-Benz to supply Econiq™-RE for Mercedes-Benz models produced at their Tuscaloosa, AL manufacturing plant. Since its inception in 2022, Econiq™ has led the global steel industry in certifying low-embodied carbon materials. By using Econiq™-RE, an evolutionary category of Econiq™ that certifies Nucor steel or steel products made with 100% renewable energy, greenhouse gas ...

In the latest market close, Nucor (NUE) reached $190.95, with a +0.61% movement compared to the previous day. This change outpaced the S&P 500's 0.57% gain on the day. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.39%.The steel company's shares have seen an increase of 2.27% over the last month, not keeping up with the Basic Materials sector's gain of 4.37% and the S&P 500's gain of 2.97%.Investors will be eagerly watching for the performance of Nucor in its upcomi ...

Nucor Corporation (NUE) issued its guidance for the first quarter ending on Mar 30, 2024. The company anticipates earnings in the range of $3.55-$3.65 per share. Compared with earnings of $3.16 per share reported in the fourth quarter of 2023, the midpoint of the guidance suggests a rise of 14%. However, on a year-over-year basis, earnings are expected to decline 19%.In the first quarter of 2024, Nucor expects an increase in the steel mills segment’s earnings, driven by higher average selling prices and vol ...

Nucor (NUE) shares rallied 3.5% in the last trading session to close at $188.48. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.3% loss over the past four weeks.Nucor's stock surged as the company unveiled its first-quarter guidance, ending Mar 30, 2024, in the range of $3.55-$3.65 per share. The midpoint of the range indicates a 13.9% sequential improvement. This will be driven by an uptick in earnings in ...

CHARLOTTE, N.C., March 14, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending March 30, 2024. Nucor expects first quarter earnings to be in the range of $3.55 to $3.65 per diluted share. Nucor reported net earnings of $3.16 per diluted share in the fourth quarter of 2023 and $4.45 per diluted share in the first quarter of 2023. The steel mills segment's earnings are expected to increase in the first quarter of 2024 due to higher average selling prices an ...

Nucor (NUE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this steel company have returned -0.4%, compared to the Zacks S&P 500 composite's +2.7% change. During this period, the Zacks Steel - Producers industry, which Nucor falls in, has lost 0.7%. The key question now is: What could be the stock's future direction?While media releases or rumors about a ...