When a stock falls toward 52-week lows, it generally means that investors have soured on the shares. Stanley Black & Decker is in the middle of a business turnaround, but it is achieving success.
Nucor (NUE) expects second-quarter earnings to decline sequentially and has returned over $1.76 billion to stockholders so far in 2024.
Shares of Nucor Corp. NUE, -0.21% dropped 2% toward a 7 1/2-month low in premarket trading Friday, and a sixth straight loss, after the steel and steel products maker warned of a second-quarter earnings shortfall, citing weakness at its steel mills business. The company said it expects earnings per share for the current quarter of $2.20 to $2.30, down from $5.81 in the same period a year ago, and well below the current FactSet EPS consensus of $3.00.
Nucor (NUE) is acquiring Rytec Corporation for $565 million to expand its product portfolio and leverage cross-selling opportunities in the commercial doors market.
Nucor (NUE) reachead $166.81 at the closing of the latest trading day, reflecting a -1.21% change compared to its last close.
Nucor (NUE) reachead $168.39 at the closing of the latest trading day, reflecting a -1.68% change compared to its last close.
Nucor (NUE) reported earnings 30 days ago. What's next for the stock?