Extremely significant negative changes in Commercial Metals Co (NYSE: CMC) investment behavior have recently occurred: its longer term price trend turned down, and its shorter term price trend turned down.
Recent notable negative changes in fundamentals have affected Commercial Metals Co (NYSE: CMC): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Commercial Metals has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Commercial Metals has a good Appreciation Score of 82 but a neutral Power Rating of 41, leading to the High Neutral Value Trend Rating.
Recent Price Action
Commercial Metals Co (NYSE: CMC) stock declined slightly by -1.0% on 12/23/24. The stock closed at $49.78. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -13.0% during the last week.
Be the first to comment