U.S. Markets open in 9 hrs 17 mins
  • S&P Futures

    4,242.50
    +11.00 (+0.26%)
     
  • Dow Futures

    33,859.00
    +100.00 (+0.30%)
     
  • Nasdaq Futures

    14,305.00
    +42.00 (+0.29%)
     
  • Russell 2000 Futures

    2,308.90
    +8.60 (+0.37%)
     
  • Crude Oil

    73.16
    +0.08 (+0.11%)
     
  • Gold

    1,775.20
    -8.20 (-0.46%)
     
  • Silver

    25.93
    -0.18 (-0.69%)
     
  • EUR/USD

    1.1930
    -0.0003 (-0.0239%)
     
  • 10-Yr Bond

    1.4870
    +0.0150 (+1.02%)
     
  • Vix

    16.32
    -0.34 (-2.04%)
     
  • GBP/USD

    1.3957
    -0.0007 (-0.0475%)
     
  • USD/JPY

    110.9940
    +0.0320 (+0.0288%)
     
  • BTC-USD

    32,668.09
    -1,161.79 (-3.43%)
     
  • CMC Crypto 200

    787.54
    -22.66 (-2.80%)
     
  • FTSE 100

    7,074.06
    -15.95 (-0.22%)
     
  • Nikkei 225

    28,889.79
    +14.90 (+0.05%)
     

Nucor sets new $3 billion stock repurchase program, which could represent more than 10% of its shares

·1 min read
Nucor sets new $3 billion stock repurchase program, which could represent more than 10% of its shares
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Nucor Corp. said Thursday it has set a new $3.0 billion stock repurchase program. Based on the previous session's stock closing price of $95.99, the steel products company could buy back about 10.4% of the shares outstanding. The company said the new program replaces the $2.0 billion program that was authorized in September 2018, of which $1.55 billion of common stock had been repurchased. The new program has no expiration date. The stock, which slipped 0.3% in premarket trading, has soared 80.5% year to date through Wednesday, as continuous HRC Steel Futures have run up 66.2% and the S&P 500 has gained 8.2%.