Nucor Co. (NYSE:NUE) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Friday.
In other Nucor news, EVP D. Chad Utermark sold 2,050 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $50.65, for a total value of $103,832.50. Following the transaction, the executive vice president now directly owns 56,621 shares of the company’s stock, valued at $2,867,853.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert J. Stratman sold 52,631 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $49.90, for a total value of $2,626,286.90. Following the completion of the transaction, the executive vice president now directly owns 268,246 shares in the company, valued at $13,385,475.40. The disclosure for this sale can be found here.
Source: American Banking and Market News