Nue stock price forecast stays resilient thanks to diversified

NUE stock price forecast stays resilient thanks to diversified product lines servicing multiple sectors, reducing dependency risk compared to more niche steel producers. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Here’s a breakdown of recent trading of $NUE stock by members of Congress over the last 6 months: The NUE stock price forecast remains optimistic into late 2024, especially as the global PMI indexes for manufacturing are trending upward, bolstering investor expectations for higher shipment volumes.