200% Volume Spike in Commercial Metals (CMC)
Commercial Metals Company (NYSE: CMC) is one we have been following today for an explosion in trading volume on what is actually a very quiet trading day. The stock is now up 11.9% at $16.87 on 5.3 million shares. The 52-week trading range is $8.83 to $21.29 and the average volume is only about 1.8 [...]
Steel stocks lag on commodities weakness, construction market worries (SCHN, X, CMC, RS, NUE, AKS)
Steel stocks are among the laggards Tuesday after disappointing results from Schnitzer Steel Industries Inc. (Nasdaq: SCHN) and a lackluster consumer confidence report that helped spur lower commodity prices.
Schnitzer is weighing most heavily on the group, down more than 10 percent as of noon Tuesday, on more than twice its normal volume. The company missed earnings [...]
VS Investor RSS Feed
