This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Steel Dynamics Inc. rallied 4.9% to $132.87 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 6,066.44 and the Dow Jones Industrial Average rising 0.4% to 44,470.41.
The stock's rise snapped a two-day losing streak.
Steel Dynamics Inc. closed 14.6% short of its 52-week high of $155.56, which the company reached on November 6th.
The stock demonstrated a mixed performance when compared to some of its competitors, as Nucor Corp. rose 5.6% to $137.53, Cleveland-Cliffs Inc. rose 17.9% to $11.84, and Reliance Inc. rose 2.87% to $291.17.
Trading volume totaled 2.8 million, compared to the 50-day average of 1.6 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
February 10, 2025 16:39 ET (21:39 GMT)
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