Commercial Metals Co (CMC) Files Form 4 Insider Selling : Adam B. Batchelor Sells 3,319 Shares

Commercial Metals Co (CMC): Adam B. Batchelor , VICE PRESIDENT OF STRATEGY AND of Commercial Metals Co sold 3,319 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $17.03 per share for a total value of $56,529.87 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.Commercial Metals Company is Downgraded by Credit Agricole to Sell while Lowering the Price Target of the company shares to $ 15 from a previous price target of $17 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 28, 2016.Commercial Metals Company is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 21, 2016.Commercial Metals Company is Initiated by Credit Suisse to Neutral. The Rating was issued on Mar 11, 2016.

Currently the company Insiders own 1.2% of Commercial Metals Company shares according to the proxy statements.Institutional Investors own 80.49% of Commercial Metals Company shares.

Commercial Metals Company: On Monday, Apr 11, 2016 heightened volatility was witnessed in Commercial Metals Company which led to swings in the share price. The shares opened for trading at $17.14 and hit $17.3 on the upside , eventually ending the session at $17.06, with a gain of 1.19% or 0.2 points. The heightened volatility saw the trading volume jump to 10,78,722 shares. The 52-week high of the share price is $17.759 and the company has a market cap of $1,954 M . The 52-week low of the share price is at $12.44.

Commercial Metals Company Money Flow Index Chart

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 CMC’s steel fabrication facilities. The International Mill segment comprises CMC’s 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.

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