Commercial Metals Company
US ˙ NYSE ˙ US2017231034

Introduction

This page provides a comprehensive analysis of the known insider trading history of Robert R Womack. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Robert R Womack has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CMC / Commercial Metals Company Director 4,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Robert R Womack. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CMC / Commercial Metals Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CMC / Commercial Metals Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2003-10-20 CMC WOMACK ROBERT R 29 24.1300 29 24.1300 691 731
2003-07-21 CMC WOMACK ROBERT R 39 17.7900 39 17.7900 688
2003-04-22 CMC WOMACK ROBERT R 45 15.0500 45 15.0500 685
2003-01-24 CMC WOMACK ROBERT R 46 14.8300 46 14.8300 681
2002-10-21 CMC WOMACK ROBERT R 43 15.8100 43 15.8100 678
2002-07-22 CMC WOMACK ROBERT R 36 18.6700 36 18.6700 675
2002-04-19 CMC WOMACK ROBERT R 12 44.5500 12 44.5500 547
2002-01-25 CMC WOMACK ROBERT R 15 36.2600 15 36.2600 545
2001-10-22 CMC WOMACK ROBERT R 18 30.8500 18 30.8500 542
2001-07-23 CMC WOMACK ROBERT R 17 31.7500 17 31.7500 540
2001-04-23 CMC WOMACK ROBERT R 22 24.8200 22 24.8200 537
2001-01-26 CMC WOMACK ROBERT R 24 21.9380 24 21.9380 534
2000-10-23 CMC WOMACK ROBERT R 22 24.2500 22 24.2500 531
2000-07-24 CMC WOMACK ROBERT R 19 27.9380 19 27.9380 529
2000-04-25 CMC WOMACK ROBERT R 19 27.9380 19 27.9380 526
2000-01-28 CMC WOMACK ROBERT R 16 31.9380 16 31.9380 524
1999-10-25 CMC WOMACK ROBERT R 17 31.0000 17 31.0000 522
1999-07-26 CMC WOMACK ROBERT R 16 33.0000 16 33.0000 520

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CMC / Commercial Metals Company Insider Trades
Insider Sales CMC / Commercial Metals Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CMC / Commercial Metals Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CMC / Commercial Metals Company Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Robert R Womack as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2012-02-06 2012-02-03 4 CMC COMMERCIAL METALS CO
Common Stock 		A - Award 4,000 4,000
2004-01-23 2004-01-22 4 CMC COMMERCIAL METALS CO
Non-Qualified Stock Option (right to buy) 		A - Award 3,000 3,000
2003-11-12 2003-10-20 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 29 8,671 0.33 24.13 691 209,228
2003-11-12 2003-07-21 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 39 8,642 0.45 17.79 688 153,745
2003-11-12 2003-04-22 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 45 8,604 0.53 15.05 685 129,483
2003-11-12 2003-01-24 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 46 8,558 0.54 14.83 681 126,916
2003-11-12 2002-10-21 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 43 8,512 0.51 15.81 678 134,577
2003-11-12 2002-07-22 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 36 8,469 0.43 18.67 675 158,121
2003-11-12 2002-06-28 4 CMC COMMERCIAL METALS CO
Common Stock 		J - Other 217 8,433 2.64
2003-11-12 2002-04-19 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 12 8,217 0.15 44.55 547 366,048
2003-11-12 2002-01-25 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 15 8,204 0.18 36.26 545 297,488
2003-11-12 2001-10-22 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 18 8,189 0.22 30.85 542 252,639
2003-11-12 2001-07-23 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 17 8,172 0.21 31.75 540 259,451
2003-11-12 2001-04-23 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 22 8,155 0.27 24.82 537 202,399
2003-11-12 2001-01-26 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 24 8,133 0.30 21.94 534 178,423
2003-11-12 2000-10-23 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 22 8,109 0.27 24.25 531 196,636
2003-11-12 2000-07-24 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 19 8,087 0.23 27.94 529 225,929
2003-11-12 2000-04-25 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 19 8,068 0.23 27.94 526 225,400
2003-11-12 2000-01-28 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 16 8,049 0.20 31.94 524 257,069
2003-11-12 1999-10-25 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 17 8,033 0.21 31.00 522 249,011
2003-11-12 1999-07-26 4 CMC COMMERCIAL METALS CO
Common Stock 		P - Purchase 16 8,016 0.20 33.00 520 264,520
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)