Asia tech stocks slide tracking Wall St losses amid AI doubts, govt. uncertainty
In a recent transaction, Shaheen Gabriel, a director at Steel Dynamics Inc. (NASDAQ:STLD), a $19.9 billion steel manufacturer with a strong financial health rating according to InvestingPro, sold 1,254 shares of the company’s common stock. The shares were sold at a price of $134.11 each, bringing the total transaction value to $168,173. Based on InvestingPro’s Fair Value analysis, the stock appears fairly valued at current levels. Following this sale, Gabriel holds 81,812 shares in the company. The transaction took place on June 6, 2025, as reported in a filing with the Securities and Exchange Commission. While this insider sale occurred, it’s worth noting that management has been actively buying back shares, and the company maintains strong liquidity with current assets exceeding short-term obligations. For deeper insights into insider trading patterns and access to 8 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Steel Dynamics Inc. reported strong financial results for the first quarter of 2025, exceeding Wall Street’s expectations. The company posted earnings per share of $1.44, surpassing the forecast of $1.41, and reported revenue of $4.37 billion, which was higher than the anticipated $4.16 billion. S&P Global Ratings revised its outlook for Steel Dynamics from stable to positive, citing steady financial performance and reduced project risk. The company is nearing completion of a significant $2.7 billion aluminum rolling mill project in Columbus (WA:CLC), Mississippi, expected to generate positive EBITDA by the end of 2025. In leadership changes, Glenn Pushis, Senior Vice President of Special Projects, will retire, with Miguel Alvarez assuming new responsibilities in the aluminum operations. Additionally, Steel Dynamics declared a quarterly cash dividend of $0.50 per share for Q2 2025. At the company’s Annual Meeting of Shareholders, all nine directors were re-elected, and Ernst & Young LLP was ratified as the auditor for the fiscal year ending December 31, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.