NEW YORK (AVAFIN) -- Institutional trading of Steel Dynamics shares yielded a bought/sold volume ratio of 0.73.
A total of 14 block trades crossed the tape, resulting in 391,735
shares on the buy side vs. 537,027 shares on the sell side. From a cash flow perspective,
this implies that there was a cash inflow of $5,798,307 and a cash outflow of $8,001,562.
The net cash flow for STLD is $2,203,255, demonstrating that institutions may
have negative outlook on the stock.
View all Block Trading Activities
A deeper look into options trading also reveals that traders hedged their positions with options
where 3,258 put and 3,435 call contracts exchanged hands leading to a 0.95
Shares of Steel Dynamics slipped $0.31 (2.04%) to $14.89. The last trading session witnessed a
low of $14.69 and high of $15.16 during the day. The current trading volume of 5M is greater
than average volume of 2M shares. STLD is trading above the 50 day moving average
and higher than the 200 day moving average. The stock's 52 week low is $10.11 and 52 week high is $16.16. To date, the stock has gained 0.53% within the last month.
Steel Dynamics, Inc. together with its subsidiaries is a domestic manufacturer of steel products and metals recycler.