What the Options Market Tells Us About Nucor
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a mix of bullish and bearish options trading activity on Nucor (NYSE:NUE), with an equal split between bullish and bearish sentiments among traders. Significant trading activity has set a price target range for Nucor between $150.0 and $225.0 over the next three months. The analysis includes details on specific trades, including both puts and calls, with varying sentiments and strike prices. Nucor, a steel and steel products manufacturer, has seen its stock price slightly increase by 0.35% to $192.78, with neutral RSI indicators. An analyst from JP Morgan has set a target price of $195.0, maintaining a Neutral rating on Nucor.
April 17, 2024 | 8:31 pm
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NEUTRAL IMPACT
Nucor has seen a balanced mix of bullish and bearish options trading, with a price target range set between $150 and $225. The stock is currently up, trading at $192.78, with a Neutral rating from JP Morgan and a target price of $195.
The balanced mix of bullish and bearish trading activity suggests uncertainty in the short-term direction of Nucor's stock price, despite a slight increase and a neutral analyst rating. The detailed options trading data and the analyst's target price provide a comprehensive view but do not strongly indicate a clear short-term price movement direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100