Sell Alert: Leon Topalian Cashes Out $1.86M In Nucor Stock

Making a noteworthy insider sell on November 7, Leon Topalian, Chair at Nucor (NYSE:NUE), is reported in the latest SEC filing.

What Happened: Topalian opted to sell 11,000 shares of Nucor, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $1,860,239.

The latest market snapshot at Friday morning reveals Nucor shares down by 3.12%, trading at $162.5.

About Nucor

Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.

Nucor: Delving into Financials

Negative Revenue Trend: Examining Nucor's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -15.17% in revenue growth, reflecting a decrease in top-line earnings. When compared ...

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