Commercial Metals Company (CMC) Shares are Up 0.43%

Commercial Metals Company (CMC) has been under a strong bear grip, hence the stock is down -5.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.49% in the past 1 week. The stock has risen by 0.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.19% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.36% and the 50-Day Moving Average is 2.29%. Commercial Metals Company has dropped 7.04% during the last 3-month period . Year-to-Date the stock performance stands at 23.67%.


Commercial Metals Company (NYSE:CMC): On Fridays trading session , Opening price of the stock was $16.8 with an intraday high of $16.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.52. However, the stock managed to close at $16.54, a loss of 1.19% for the day. On the previous day, the stock had closed at $16.74. The total traded volume of the day was 1,340,571 shares.

Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals. The Americas Mills segment includes five steel minimills; two scrap metal shredders, and 10 scrap metal processing facilities. The Americas Fabrication segment consists of CMCs steel fabrication facilities. The International Mill segment comprises CMCs mill, recycling and fabrication operations located in Poland. International Marketing and Distribution segment includes international operations for the sales, distribution and processing of steel products, ferrous and nonferrous metals, and other industrial products.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.