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Insider Trends: Insider Adds to Selling Trend at Steel Dynamics

05/11/2021 10:21

02:12 PM EDT, 05/11/2021 (MT Newswires) -- Keith E Busse, Director, sold 250,000 shares in Steel Dynamics (STLD) for $15,925,608 on May 07, 2021. Following the Form 4 filing with the SEC, Busse has control over 760,041 company shares of which 755,041 shares are held directly and 5,000 are controlled indirectly. These holdings have an approximate market value of $48.6 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 44 insider transactions reported to the SEC for Steel Dynamics. These transactions came from the activities of 17 individual insiders that resulted in a net acquisition of 68,090 company shares. In the preceding 90-day window of time, there were 38 transactions from 17 insiders and resulted in the net acquisition of 266,577 shares.

This level of insider transactions is lower than the peer group average in the 31-company Steel peer group over the last 90-day period. Peer group activity averaged 94.9 transactions per company, and disposition of 28,416 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1022671/000102267121000063/xslF345X03/edgar.xml

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.