 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Top Buys by Top Brass: CEO Matt's $249.9K Bet on CMCBy Metals Channel Staff, Wednesday, October 25, 12:29 PM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $249.9K by Peter R. Matt, CEO at Commercial Metals Co. (NYSE:CMC). Matt bets big on CMC:
Matt's average cost works out to $40.30/share. In trading on Wednesday, bargain hunters could buy shares of Commercial Metals Co. (NYSE:CMC) and achieve a cost basis lower than Matt, with shares changing hands as low as $39.94 per share. Shares of Commercial Metals Co. were changing hands at $41.09 at last check, trading up about 2.2% on Wednesday. The chart below shows the one year performance of CMC shares, versus its 200 day moving average:
Looking at the chart above, CMC's low point in its 52 week range is $39.85 per share, with $58.09 as the 52 week high point — that compares with a last trade of $41.09. The current annualized dividend paid by Commercial Metals Co. is $0.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/25/2023. Below is a long-term dividend history chart for CMC, which can be of good help in judging whether the most recent dividend with approx. 1.6% annualized yield is likely to continue.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Arial
Below
Bets
Brass
Buys
Commercial
Days
Dollars
Insider
Insiders
Join
Matt
Metals
NYSE
Peter
Seven
Shares
Wednesday
annualized
average
buys
changing
chart
company
cost
dividend
escape
fillColor
hands
insider
last
make
maybe
mdash
most
paid
period
point
recent
share
shares
stock
take
that
their
they
trading
week
which
with
|
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: