Why Steel Dynamics (STLD) Dipped More Than Broader Market Today
STLDSteel Dynamics(STLD) zacks.com·2024-05-30 07:16

Steel Dynamics (STLD) closed the most recent trading day at $131.73, moving -1.9% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.74% for the day. Meanwhile, the Dow lost 1.06%, and the Nasdaq, a tech-heavy index, lost 0.58%.The steel producer and metals recycler's shares have seen an increase of 3.2% over the last month, not keeping up with the Basic Materials sector's gain of 3.23% and the S&P 500's gain of 4.27%.The upcoming earnings release of Steel D ...