New insider activity at Steel Dynamics ( (STLD) ) has taken place on February 13, 2025.
Senior Vice President Glenn Pushis has recently made a significant financial move by selling 23,649 shares of Steel Dynamics stock. This transaction amounts to a substantial sum of $3,184,810, marking a noteworthy moment in the company’s trading activities.
Recent Updates on STLD stock
Steel Dynamics has been the subject of several analyst upgrades and price target adjustments recently. KeyBanc upgraded the stock to Overweight, citing improvements at the Sinton plant and a favorable valuation relative to peers, while also noting potential positive impacts on U.S. steel pricing sentiment due to President Trump’s trade policies. Morgan Stanley increased its price target, anticipating a recovery in steel prices driven by new protectionist measures and modest demand growth. Jefferies also upgraded Steel Dynamics to Buy, highlighting the company’s focus on executing its organic growth projects, which are expected to drive earnings and free cash flow. The company’s recent earnings call emphasized resilience amid market challenges, with significant improvements in safety and progress in aluminum operations contributing to an optimistic outlook for 2025.
More about Steel Dynamics
YTD Price Performance: 20.49%
Average Trading Volume: 1,628,566
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $20.23B
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