Strength Seen in Nucor (NUE): Can Its 3.5% Jump Turn into More Strength?

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 ...