Commercial Metals Company (NYSE:CMC) has tumbled 2.8% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.97% in the last four weeks. The stocks have underperformed the S&P 500 by 1.64% during the past week but Commercial Metals Company (NYSE:CMC) it has outperformed the index in 4 weeks by 2.03%.
Commercial Metals Company (NYSE:CMC): The stock opened at $17.48 on Friday but the bulls could not build on the opening and the stock topped out at $17.64 for the day. The stock traded down to $16.97 during the day, due to lack of any buying support eventually closed down at $16.99 with a loss of -2.41% for the day. The stock had closed at $17.41 on the previous day. The total traded volume was 3,133,791 shares.
The company shares have rallied 2.53% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $18.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $17.25 and the 200 Day Moving Average price is recorded at $15.65.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hickey Adam R, officer (VICE PRESIDENT & CONTROLLER) of Commercial Metals Co, had unloaded 5,000 shares at an average price of $17 in a transaction dated on May 13, 2016. The total value of the transaction was worth $85,000.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Bank of America downgrades its ratings on Commercial Metals Company (NYSE:CMC). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 1.2% of Commercial Metals Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.54% . Institutional Investors own 91.21% of Commercial Metals Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.54%.
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.