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Insider Sales at Nucor Corp (NUE) are Significant and Extend the Selling Trend of Last Quarter

05/10/2021 18:26

10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was substantial level of selling of Nucor Corp shares today, as disclosed in filings with the SEC. Three insiders -- Kenneth Rex Query, Officer, Mary Emily Slate, Officer, and Douglas J Jellison, Officer -- sold 14,775 shares in the company having a market value of approximately $1,363,067. There have been 8 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 75,862 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 90,637 shares and have averaged 8,240 shares per transaction over this time period.

Today's Insider Activity

Over the last 90 days, the number of insider buy/sell trades at Nucor Corp is above its 31-company peer group average. The Steel peer group saw 33 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Nucor Corp insiders is lower than its peers. Within the peer group there were 25,253 shares purchased and 40,405,603 shares sold with company insiders having sold 1,223,647 shares on average over this time period.

The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

[Disclaimer]
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.