Nucor Corp (nue) Most Bought Steel-producers Stock By Number Of Institutions

Aug. 30, 2010 - PRLog -- MFFAIS.com featured their Quarterly Steel-Producers Industry Rundown. Mffais.com compiles the statistics from recent SEC filings by mutual funds and institutions to determine the positions taken and confidence in stocks by professional mutual fund managers and institutional investors.

Highlights included:

* Nucor Corp (NUE) leads industry in number of funds buying shares 12.14% of industry buys

* Tokyo Tekko Co Ltd (5445.T) had the highest overall confidence score (relation of funds buying versus fund selling)

* United States Steel Corp (X) had second highest number of funds buying shares 11.09% of industry buys

* Shiloh Industries Inc (SHLO) had the second highest overall confidence score (relation of funds buying versus fund selling)

* The top 30 moves by funds in the industry by value of trade shows:

a) 66.66% buys versus 33.33% sells
b) Arcelormittal (MT) buys were 16.66% of all activity, 25.00% of number of buys and 32.14% of value of buy trades
c) Nippon Steel Corp (NISTY) buys were 13.33% of all activity, 20.00% of number of buys and 23.81% of value of buy trades

*  When institutions own multiple industry stocks, the most bought industry stock was United States Steel Corp (X)

*  When institutions own multiple industry stocks, the most sold industry stock was Nucor Corp (NUE)


For details of the "Stock Picks of Institutional Investors!", including purchasing history and buying patterns, please visit http://www.mffais.com

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Source of the "Stock Picks Of Institutional Investors!" MFFAIS.com is the leading stock research and alert website dedicated to providing individual investors with information listed on public record as fast as possible in an accessible and useful format