Commercial Metals Co (CMC) Files Form 4 Insider Selling : Paul K. Kirkpatrick Sells 2,500 Shares

Commercial Metals Co (CMC): Paul K. Kirkpatrick , VP, GENERAL COUNSEL & SECRETAR of Commercial Metals Co sold 2,500 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 25, 2016 to the Securities and Exchange Commission. The shares were sold at $18.20 per share for a total value of $45,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 21, 2016, Terry P. Hatten (VP & CHIEF HUMAN RESOURCES OFF) sold 5,621 shares at $18.28 per share price.On Apr 21, 2016, Tracy L Porter (SR VP & PRESIDENT CMC AMERICAS) sold 9,760 shares at $18.16 per share price.Also, On Apr 21, 2016, Joseph Alvarado (CHAIRMAN OF THE BOARD, PRESIDE) sold 40,571 shares at $18.21 per share price.On Apr 19, 2016, Carey J Dubois (VICE PRESIDENT & TREASURER) sold 1,129 shares at $18.07 per share price.

Shares of Commercial Metals Company (CMC) ended Friday, Apr 22, 2016 session in red amid volatile trading. The shares closed down -0.51 points or -2.81% at $17.62 with 22,41,434 shares getting traded. Post opening the session at $18.01, the shares hit an intraday low of $17.52 and an intraday high of $18.355 and the price vacillated in this range throughout the day. The company has a market cap of $2,018 M and the number of outstanding shares has been calculated to be 11,45,44,724 shares. The 52-week high of Commercial Metals Company is $18.5 and the 52-week low is $12.44.

Commercial Metals Company Money Flow Index Chart

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.

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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