U.S. stock market midday update: MILFAM's nomination of directors raises governance concerns, Scully Royalty's stock price fluctuates and falls 8.7%

U.S. Stock Market Midday Update

Scully Royalty fell 8.70%. Based on recent key news:

1. On November 29, MILFAM plans to nominate five directors at the annual shareholders' meeting on December 27 to push for a restructuring of the Scully Royalty board. This move has raised market concerns about the company's governance structure, leading to stock price fluctuations. According to SEC filings, MILFAM holds 13.2% of Scully Royalty's shares, making it the third-largest shareholder.

2. On November 29, Scully Royalty's stock closed up 20% at $6.73. MILFAM's nomination plan has sparked investor expectations for the company's future development, driving the stock price up.

3. As of November 29, Scully Royalty's stock price has fallen 27.3% year-to-date. Despite the recent price increase, the overall performance remains poor, and investors are cautious about the company's long-term performance. The iron ore industry has experienced significant volatility recently, which needs attention.

Top Stocks by Industry Trading Volume

Vale S.A. rose 0.67%. Based on recent news,

1. On December 1, Vale announced it will hold its annual investor meeting, Vale Day 2025, in London on December 2. Company executives will present strategies for the coming years and discuss key business issues. This news has boosted market confidence, driving the stock price up.

2. On December 1, Vale announced that it will provide a live video stream of the meeting on the company's official website and hold a press conference after the investor meeting. This move further enhances investor confidence in the company's transparency and future development, promoting stock price increases. The overall industry is performing well, and market confidence is strengthening.

Cleveland Cliffs fell 1.45%, with a trading volume of $126 million, showing increased activity, but there has been no significant news recently. Trading is active, with clear capital flows; considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Nucor rose 0.63%. Based on recent key news:

1. On November 30, analyst ratings show Nucor is rated as "Moderate Buy," but it is not included in the top recommended stocks list. Analysts believe there are five other stocks with greater investment value, which may affect investor confidence in Nucor, leading to stock price fluctuations. Source: MarketBeat

2. On November 29, Nucor released its latest financial report, showing quarterly earnings exceeded market expectations, driving the stock price up. The report indicates that the company achieved revenue growth amid increasing demand in the steel market. Source: Zhito Finance

3. On November 28, macroeconomic data was released, showing an increase in the U.S. manufacturing activity index, boosting the overall performance of the steel industry, and Nucor's stock price rose accordingly. Source: Wall Street Insight The demand in the steel industry is increasing, and the market is active Stocks Ranked Among the Top in Market Capitalization in the Industry

ArcelorMittal, up 0.95%, with a market capitalization of $33.1 billion, trading volume increased, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation