Large Inflow of Money Witnessed in Commercial Metals Company

Commercial Metals Company (NYSE:CMC) : Investors lapped up stocks on upticks to the tune of $3.47 million in the Wednesdays trading session. The trading value on downticks was comparatively at $2.77 million and the uptick to downtick ratio of 1.25 indicates continuous buying by the bulls. The net money flow into the stock was $0.7 million. Upticks saw transactions worth $0.19 clearly indicating buying by large investors. The total money flow for block trades stood at $0.19 million, which is a positive for the stock in the long-term. Commercial Metals Company (NYSE:CMC) fell $0.06 during the day at $16.08, a drop of -0.37% over the previous days close. However, for the week, the stock is 0.88%, compared to the previous week.


In an insider trading activity,The officer (VICE PRESIDENT & CONTROLLER) of Commercial Metals Co, Hickey Adam R sold 5,000 shares at $17 on May 13, 2016. The Insider selling transaction had a total value worth of $85,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. 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 90.53% of Commercial Metals Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.54%.

The company shares have dropped -1.16% 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 $17.05 and the 200 Day Moving Average price is recorded at $15.77. Commercial Metals Company (NYSE:CMC): The stock opened at $16.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.51 for the day. The stock traded down to $16.02 during the day, due to lack of any buying support eventually closed down at $16.08 with a loss of -0.37% for the day. The stock had closed at $16.14 on the previous day. The total traded volume was 1,656,087 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.

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