CMC - Barbara Smith Implements A Sell Strategy: Offloads $2.07M In Commercial Metals Stock | Benzinga
Making a noteworthy insider sell on March 29, Barbara Smith, Executive Chairman at Commercial Metals (NYSE:CMC), is reported in the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Smith sold 35,704 shares of Commercial Metals. The total transaction amounted to $2,066,547.
Monitoring the market, Commercial Metals's shares up by 1.55% at $59.0 during Friday's morning.
Unveiling the Story Behind Commercial Metals
Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.
Commercial Metals: A Financial Overview
Negative Revenue Trend: Examining Commercial Metals's financials over 3 months reveals challenges. As of 29 February, 2024, the company experienced a decline of approximately -8.41% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics: Unlocking Value
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Gross Margin: Achieving a high gross margin ...