Check Out What Whales Are Doing With NUE
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Nucor (NYSE:NUE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. Whales have been targeting a price range from $150.0 to $210.0 for Nucor over the last 3 months. The price of NUE is up 2.3% at $171.28. Exane BNP Paribas upgraded its action to Outperform with a price target of $191, Morgan Stanley downgraded its action to Equal-Weight with a price target of $148, and Credit Suisse maintained their Outperform rating on Nucor with a price target of $167.
July 18, 2023 | 8:31 pm
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A large investor has taken a bearish stance on Nucor (NYSE:NUE). The overall sentiment of big-money traders is 30% bullish and 70% bearish. The price of NUE is up 2.3% at $171.28.
The bearish stance taken by a large investor, as well as the overall bearish sentiment among big-money traders, suggests potential downward pressure on Nucor's stock price in the short term. However, the stock price is currently up, and analyst ratings are mixed, which adds some uncertainty to the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100