Steel Dynamics (STLD) Soars 4.9%: Is Further Upside Left in the Stock?

Steel Dynamics (STLD) shares soared 4.9% in the last trading session to close at $126.55. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.9% loss over the past four weeks.STLD’s gain appears to reflect a recovery in its shares from early losses after the company issued a profit warning for the second quarter. It sees second-quarter earnings in the range of$ 2.64 to $2.68 per share. The company anticipates a notable decline in p ...