Commercial Metals Company (CMC) : During the past 4 weeks, traders have been relatively bearish on Commercial Metals Company (CMC), hence the stock is down -11.98% 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 -4.67% relative to the S&P 500. The 4-week change in the price of the stock is -11.07% and the stock has fallen -4.62% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.62% and the 50-Day Moving Average is 5.57%. Commercial Metals Company (NYSE:CMC): On Fridays trading session , Opening price of the stock was $16.37 with an intraday high of $16.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.86. However, the stock managed to close at $15.91, a loss of 2.93% for the day. On the previous day, the stock had closed at $16.39. The total traded volume of the day was 1,029,323 shares.
The company Insiders own 1.2% of Commercial Metals Company shares according to the proxy statements. Institutional Investors own 91.76% of Commercial Metals Company shares. During last six month period, the net percent change held by insiders has seen a change of -5.54%. Also, Clarkson Platou downgrades their rating on the shares of Commercial Metals Company (NYSE:CMC). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 27, 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 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.