Commercial Metals Company (CMC): Best’s First Purchase


Rhys J. Best, Director at Commercial Metals Company (NYSE:CMC) disclosed today the acquisition of 5,000 shares of common stock in the open market through two separate transactions on November 3, 2014. The first purchase involved 700 shares at a unit price of $16.83, while the price of the remaining 4,300 shares was $16.835. Those are Mr. Best’s first acquisitions since 2012, the first done by any insider, and now directly owns a total of 35,323 shares.

Chuck Royce’s Royce & Associates is the largest shareholding institution (amongst those we track) at Commercial Metals Company (NYSE:CMC) with close to 3.16 million shares, valued at an estimate $55 million, after reporting a 4% holding increment at the end of the second filling period of 2014.

Commercial Metals Company (NYSE:CMC) together with its subsidiaries manufactures, recycles and markets steel and metal products, related materials and services in the United States and in international markets.

Disclosure: The author, Jodor Jalit, holds no position in any stocks or funds mentioned.

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