Check Out What Whales Are Doing With NUE
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Nucor (NYSE:NUE), with 57% of detected trades showing bearish expectations. The total amount for puts is $587,818, while calls amount to $324,740. Whales have been targeting a price range from $149.0 to $185.0 for Nucor over the last 3 months. The price of NUE is currently down -5.02% at $147.09, and RSI indicators suggest the stock may be oversold.
October 12, 2023 | 5:32 pm
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Bearish sentiment detected in Nucor (NYSE:NUE) with a significant number of puts. The stock price is currently down and may be oversold.
The bearish sentiment detected in the options trades, along with the current drop in stock price and the indication that the stock may be oversold, suggests a potential short-term negative impact on Nucor's stock price.
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IMPORTANCE 80
RELEVANCE 100