Commercial Metals Company CMC stock has surged 68.8% in a year, outperforming the Zacks Steel – Producers industry’s 61.7% jump. Meanwhile, the Basic Materials sector has risen 47.6%, and the S&P 500 has rallied 18.9% in the same timeframe.
Image Source: Zacks Investment Research
The Steel-producer has also performed better than its peers like Nucor Corporation NUE and Cleveland-Cliffs Inc. CLF, which have rallied 41.3% and 8.6%, respectively.
Image Source: Zacks Investment Research
With the CMC stock riding high, investors may rush to add it to their portfolio. However, before making a decision, it will be prudent to take a look at the…
