Commercial Metals Company (CMC) has risen sharply, recording gains of 3.33% in the past 4 weeks. However, the stock has corrected -7.94% in the past 1 week, providing a good buying opportunity on dips. Commercial Metals Company (CMC) : During the past 4 weeks, traders have been relatively bearish on Commercial Metals Company (CMC), hence the stock is down -3.21% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.5% relative to the S&P 500.
Commercial Metals Company (NYSE:CMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.26 and $16.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.47, notching a gain of 0.86% for the day. The total traded volume was 1,072,419 . The stock had closed at $16.33 on the previous day.
The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 2.85%. Commercial Metals Company has dropped 5.86% during the last 3-month period . Year-to-Date the stock performance stands at 23.14%.
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.