Commercial Metals Co (CMC US, +1, 01-Apr-25)

Peter Matt (President & CEO since 2023; joined 2020 as a Director) purchased $295,000 worth of stock on March 27th at $48.30, increasing his holding by 5%.This is only his second purchase despite a reasonable tenure with the company. His previous buy was $250,000 at $40 in October 2023, which proved well-timed. 

It’s interesting to see him purchasing again 1 1/2 years later at a 20% higher price. He has a short but good record as a buyer, including two timely purchases in Constellium N.V., where he served as CFO from 2016 to 2023. The company published its Q2 report on March 25th. 

We are ranking the stock +1 (strongly positive signal).

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