$CMC is one of biggest losers #stocks today. read more:

Commercial Metals Company Commo (symbol: CMC) was one of the worst losers
of the trading day today (2017-01-09), losing -7.92%. The number of shares
that changed hands was 5,578,307, or about 3 times the average daily volume
in the stock.
The closing price was $20.81, amounting to a market cap of $2,400,000,000,
about -15.54% off the highest price in the last 12 months. The stock has
been trading at a range between $12.44 and $24.64.
CMC is in the Steel/Iron Ore industry, part of the Basic Industries sector.
Looking at its valuation, the stock is now trading at 44.47 times earnings.