DJ Steel Dynamics Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Steel Dynamics Inc. (STLD) shed 1.45% to $122.89 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,086.37 and the Dow Jones Industrial Average rising 0.30% to 44,156.73.
This was the stock's second consecutive day of losses.
Steel Dynamics Inc. closed 21.00% short of its 52-week high of $155.56, which the company achieved on November 6th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Nucor Corp. $(NUE)$ fell 2.38% to $122.09.
Trading volume (1.9 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 22, 2025.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 22, 2025 17:10 ET (22:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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