Stock Of The Day: When Will Nucor's Selloff Hit Bottom?

Shares of Nucor Corporation NUE are falling on Friday. This follows Thursday’s drop of more than 5%.There is a good chance the selloff ends around current levels. There is also a chance that the stock reverses and rallies, so Benzinga’s team of technical analysts has made it our “Stock of the Day.”The move lower was the result of a downgrade by UBS from Buy to Neutral.  UBS also downgraded other steel companies as well. It cut Commercial Metals Company CMC from Buy to Sell and Steel Dynamics, Inc. STLD from ...