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Korea Investment CORP Decreases Stock Position in Nucor Corporation $NUE
Korea Investment CORP significantly reduced its stake in Nucor Corporation (NYSE:NUE) by 41.4% during the third quarter, selling over 110,000 shares. Despite this, other institutional investors increased their holdings, and Nucor reported a share repurchase program worth $4 billion. Analysts have a “Moderate Buy” consensus rating for Nucor with a target price of $187.90.