Steel Dynamics stock slips 3.69% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Steel Dynamics stock slips 3.69% and underperforms competitors
11 articles · Updated · MarketWatch · May 7
Shares closed at $232.92 on Thursday, as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63%.
The decline ended a five-day winning streak and left the stock 4.43% below its 52-week high of $243.73 reached on 6 May.
Among peers, Nucor fell 3.21%, Cleveland-Cliffs dropped 4.48% and Reliance lost 1.96%, while Steel Dynamics trading volume of 1.1 million stayed below its 50-day average.
With record profits and a dividend hike, why does Wall Street seem hesitant about this steel giant?
A key tariff policy was just struck down. Is American steel's protective shield about to crumble?