On 11/6/24, Commercial Metals Co (NYSE: CMC) stock enjoyed a major increase of 13.7%, closing at $62.81. Moreover, this advance was accompanied by exceptionally high trading volume at 236% of normal. The stock has performed in line with the market over the last nine months and has risen 14.7% during the last week.
Current PriceTarget Research Rating
CMC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Commercial Metals has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Commercial Metals has a good Appreciation Score of 78 but a slightly negative Power Rating of 32, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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