Nucor manufactures steel and steel products. Co. has three segments: steel mills, which produces sheet steel, plate steel, structural steel and bar steel; steel products, which produces hollow structural section steel tubing, electrical conduit, steel racking, steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal, and wire and wire mesh; and raw materials, which produces direct reduced iron (DRI), brokers ferrous and nonferrous metals, pig iron, hot briquetted iron and DRI, supplies ferro-alloys, and processes ferrous and nonferrous scrap metal. We show 48 historical shares outstanding datapoints in our NUE shares outstanding history coverage, used to compute NUE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NUE market cap history over the course of time is important for investors
interested in comparing NUE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NUE versus a peer is one thing; comparing
NUE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NUE can fluctuate over the course of history.
With this page we aim to empower investors researching NUE by allowing them to research the NUE market cap history. |
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Video: The Importance of Market Cap
