Commercial Metals Co’s filing revealed that its President and CEO MATT PETER R acquired Company’s shares for reported $0.29 million on Mar 27 ’25. In the deal valued at $48.30 per share,6,100 shares were bought. As a result of this transaction, MATT PETER R now holds 129,417 shares worth roughly $5.95 million.
Then, Smith Barbara bought 55,975 shares, generating $3,046,668 in total proceeds.
Before that, Smith Barbara bought 71,777 shares. Commercial Metals Co shares valued at $3,975,358 were divested by the Former Officer at a price of $55.38 per share.
UBS upgraded its Commercial Metals Co [CMC] rating to a Neutral from a a Sell in a research note published on January 10, 2025; the price target was decreased to $54 from $56. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Neutral”. UBS revised its rating on December 12, 2024. It rated CMC as “a Sell” which previously was an “a Buy”.
Price Performance Review of CMC
On Monday, Commercial Metals Co [NYSE:CMC] saw its stock fall -0.37% to $46.01. Over the last five days, the stock has lost -5.62%. Commercial Metals Co shares have fallen nearly -7.24% since the year began. Nevertheless, the stocks have fallen -21.05% over the past one year. While a 52-week high of $64.53 was reached on 02/18/25, a 52-week low of $42.62 was recorded on 03/10/25. SMA at 50 days reached $48.53, while 200 days put it at $53.10.
Levels Of Support And Resistance For CMC Stock
The 24-hour chart illustrates a support level at 44.65, which if violated will result in even more drops to 43.28. On the upside, there is a resistance level at 46.81. A further resistance level may holdings at 47.60. The Relative Strength Index (RSI) on the 14-day chart is 43.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.27%. Stochastics %K at 54.45% indicates the stock is a holding.
How much short interest is there in Commercial Metals Co?
A steep rise in short interest was recorded in Commercial Metals Co stocks on 2025-03-14, dropping by -0.52 million shares to a total of 3.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.17 million shares. There was a decline of -14.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 02, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $75 price target.
