Commercial Metals Pick of the Week at Smart Insider Following CEO Share Purchase

MT Newswires Live07-22

Commercial Metals (CMC) was Smart Insider's stock pick of the week after President and Chief Executive Peter Matt bought $504,000 in company shares at $61.30 apiece on July 10.

Matt, who has served as CEO since September 2023, increased his stake by 5%, Smart Insider said in a Wednesday note.

The purchase follows two earlier acquisitions, including a $250,000 purchase at $40 per share in October 2023 and a $295,000 purchase at $48 per share in March 2025, according to Smart Insider.

The firm said it is "encouraging" that Matt increased the size of his latest investment while paying more than 25% above his previous purchase.

Matt's purchases while serving as chief financial officer of Constellium SE (CSTM) were well timed, Smart Insider said.

Smart Insider ranked Commercial Metals +1, indicating a strong positive signal.

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