STLD CLUSTER SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

STLD ▲ +1.44% at T+20d

SHORT call ✗ call lost -1.44% · α vs SPY +3.19% · entry $225.05 → $228.30

Next anchor: T+60d in 8w

Last close $240.03 (close May 22) · -6.66% from $225.05 entry (call sign-flipped)

Entry anchored
Apr 22, 03:59 PM ET
via Databento tick

T+1d

+0.77%

call -0.77% · α +0.01%

$226.79

settled 4w ago

T+5d

-0.30%

call +0.30% · α +1.78%

$224.37

settled 25d ago

T+20d

+1.44%

call -1.44% · α +3.19%

$228.30

settled 4d ago

T+60d

—

call — · α —

—

in 8w

Price Chart

Loading chart...

Executive Summary

Two corporate insiders at Steel Dynamics sold shares worth $1.94 million within 24 hours of each other, just three days after the company reported a significant earnings miss. The sales occurred post-earnings and represent a notable outflow of insider capital following disappointing results in its aluminum segment.

Key Financial Metrics

Direction

selling

Total Value

$1.9M

Insiders

2

Actionable Insight

The timing of these sales — immediately after a material earnings shortfall — suggests lack of confidence among insiders despite strong steel fundamentals. Monitor for further selling or commentary on the aluminum segment's path to profitability. Consider this a bearish signal ahead of next quarter’s guidance.

Key Facts

Senior Vice President Alvarez Miguel sold $861,045.75 in shares via open-market transaction on April 23, 2026.
Director Cornew Kenneth W. sold $1,079,280 in shares via open-market transaction on the same day.
Total insider sales: $1.94 million within a 7-day window, all occurring after Q1 2026 earnings miss.
Sales represent approximately 0.006% of STLD's $32.6B market cap — modest in size but high in timing significance.
Earnings were reported on April 21, 2026, missing EPS estimates by $0.98 due to $17 million in incremental losses from aluminum startup operations.

Financial Impact

$1.94 million in open-market sales by two insiders following an earnings miss

insider sentimentinvestor confidence

Risk Factors

Continued losses in aluminum operations could pressure margins further.
Additional insider selling may signal deeper concerns about near-term profitability or strategic direction.

Market Snapshot

Exchange

Nasdaq

Sector

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-STLD-1777058220168

4 reports for STLD

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for STLD — sortable, filterable
	Type				Now
May 15, 2026 8d ago	Insider Cluster NEUTRAL ★ 2/10	$229.74 awaiting T+5	awaiting T+5	—	$240.03 (+4.48%)
May 8, 2026 15d ago	8-K NEUTRAL ★ 2/10	$235.10 $234.68	▼ −0.18%	▼ −1.64%	$240.03 (+2.10%)
Apr 23, 2026 4w ago	Insider Cluster BEARISH ★ 7/10	$225.05 $224.37	▲ +0.30%	▲ +1.78%	$240.03 (−6.66%)
Apr 21, 2026 4w ago	8-K BEARISH ★ 6/10	$220.21 $226.96	▼ −3.07%	▼ −1.98%	$240.03 (−9.00%)

US Market Status

Market Closed — Opens Tue (35h 15m)

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access