Strength Seen in Steel Dynamics (STLD): Can Its 4.3% Jump Turn into More Strength?

Steel Dynamics (STLD) shares ended the last trading session 4.3% higher at $137.90. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.5% gain over the past four weeks.Following the release of its first-quarter earnings guidance ending Mar 30, 2024, Steel Dynamics witnessed a significant surge in its stock price. The midpoint of the guidance,$ 3.51-$3.55 per share, indicates a sequential improvement of 35%. The comp ...