Commercial Metals Company (CMC) : Traders are bullish on Commercial Metals Company (CMC) as it has outperformed the S&P 500 by a wide margin of 5.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.25% in the last 1 week, and is up 4.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 1.11%.The 200 Day SMA reached 2.39%
Commercial Metals Company (NYSE:CMC): After opening at $16.14, the stock dipped to an intraday low of $15.92 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.33 and the buying power remained strong till the end. The stock closed at $16.19 for the day, a gain of 0.19% for the day session. The total traded volume was 1,376,482. The stocks close on the previous trading day was $16.19.
Commercial Metals Company (CMC) : 6 investment research analysts covering Commercial Metals Company (CMC) have an average price target of $16.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $19 and the lowest target is $14 for the short term. Analysts expect the variance to be within $1.94 of the average price.
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.