As seen on the 24/7 Wall St. homepage on November 5, 2026.
A 5.5% slide to $254.43 from a $269.23 open strips roughly $3 billion off the steelmaker's $57.7 billion market value in one session. Moves this size are rare for a name of this heft, so watch whether it holds the low into the close.
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A 5.4% slide to $262.49 lops roughly $3 billion off the $59.5 billion steelmaker in a single session, an outsized day for a name this size. Keep an eye on whether the $277.46 open becomes resistance.
Nucor just set a fresh 52-week high at $275.29, clearing its early-August peak by 0.2%. The $62.4 billion steelmaker has roughly doubled off last fall's levels.
Steel pricing power is doing the heavy lifting: net earnings more than doubled from a year ago on record mill shipments, even as earnings per share came in a fraction under expectations. Management guided Q4 to in line with or modestly above this quarter, with higher realized prices offsetting seasonal volume softness.
Nucor reports after the close at 4:30 PM ET, carrying a two-quarter beat streak into a consensus of $5.83 EPS on $10.79 billion in revenue. The steel pricing read-through sets the tone for every US mill name this week.
A 5% intraday run to $254.53 tacks roughly $2.9 billion onto the $57.7 billion steelmaker in a single session. Moves this size are rare for a large-cap industrial, so watch whether it holds into the close.