Advertisement
Canada markets open in 9 hours 8 minutes

  • S&P/TSX

    21,656.05
    +13.18 (+0.06%)
     

  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     

  • DOW

    37,753.31
    -45.66 (-0.12%)
     

  • CAD/USD

    0.7273
    +0.0009 (+0.12%)
     

  • CRUDE OIL

    82.90
    +0.21 (+0.25%)
     

  • Bitcoin CAD

    85,057.67
    -2,577.56 (-2.94%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,388.00
    -0.40 (-0.02%)
     

  • RUSSELL 2000

    1,947.95
    -19.53 (-0.99%)
     

  • 10-Yr Bond

    4.5850
    -0.0740 (-1.59%)
     

  • NASDAQ futures

    17,729.75
    +71.25 (+0.40%)
     

  • VOLATILITY

    18.21
    -18.40 (-50.26%)
     

  • FTSE

    7,847.99
    +27.63 (+0.35%)
     

  • NIKKEI 225

    38,101.16
    +139.36 (+0.37%)
     

  • CAD/EUR

    0.6808
    +0.0006 (+0.09%)
     

Commercial Metals (CMC) Looks Good: Stock Adds 6.8% in Session

Zacks Equity Research
Updated

Commercial Metals CMC was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $19.48–$21.47 in the past one-month time frame, witnessed a sharp increase yesterday.

The shares rose after the company entered into a definitive agreement to acquire certain U.S. rebars steel mill and fabrication assets from Gerdau S.A.

The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.     

Commercial Metals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

ADVERTISEMENT

Commercial Metals Company Price and Consensus

Commercial Metals Company Price and Consensus | Commercial Metals Company Quote

A better ranked stock in the  Steel - Producers industry is Schnitzer Steel Industries, Inc..SCHN which also carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CMC going up? Or down? Predict to see what others think: Up or Down

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.

Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Schnitzer Steel Industries, Inc. (SCHN) : Free Stock Analysis Report
 
Commercial Metals Company (CMC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research