Why Nucor Stock Gave Back Its Gains Today
Investors in steel giant Nucor (NYSE: NUE) had a great day on Thursday, with the stock exploding as much as 11% higher before succumbing to selling pressure on a red day for the markets, and ending with just a 3.7% gain.
Today, the selling continues. Indeed, with its 6.5% loss as of 11:50 a.m. ET this morning, Nucor stock has been dragged down below where it traded before reporting its earnings beat yesterday. Is that fair?
Source Fool.com
