Commercial Metals Company (NYSE:CMC) : During the past 4 weeks, traders have been relatively bearish on Commercial Metals Company (NYSE:CMC), hence the stock is down -3.95% 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 -0.39% relative to the S&P 500. The stock has risen by 0.89% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.4% in the past 4 weeks.
The company shares have rallied 3.83% 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 $17.02 and the 200 Day Moving Average price is recorded at $15.90.
The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 0.58%.
Commercial Metals Company (NYSE:CMC): stock turned positive on Friday. Though the stock opened at $16.77, the bulls momentum made the stock top out at $17.33 level for the day. The stock recorded a low of $16.77 and closed the trading day at $17.06, in the green by 3.14%. The total traded volume for the day was 1,429,926. The stock had closed at $16.54 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Massaro Anthony A, director of Commercial Metals Co, had unloaded 2,367 shares at an average price of $16.36 in a transaction dated on July 5, 2016. The total value of the transaction was worth $38,724.
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.