Chemours Co (CC): Mark Newman , CFO of Chemours Co purchased 2,800 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.70 per share for a total value of $27,175.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Bradley J Bell (director) purchased 10,000 shares at $9.65 per share price.On Feb 29, 2016, Stephen D Newlin (director) purchased 10,000 shares at $4.95 per share price.Also, On Feb 12, 2016, Mark Newman (SVP and CFO) sold 16 shares at $9.37 per share price.On Nov 25, 2015, E Bryan Snell (President – Titanium Tech) purchased 15,000 shares at $5.99 per share price.
Chemours Co: On Monday, May 16, 2016 heightened volatility was witnessed in Chemours Co which led to swings in the share price. The shares opened for trading at $9.77 and hit $10.25 on the upside , eventually ending the session at $10.04, with a gain of 2.34% or 0.23 points. The heightened volatility saw the trading volume jump to 21,83,606 shares. The 52-week high of the share price is $16.68 and the company has a market cap of $1,822 M . The 52-week low of the share price is at $3.06.
Company has been under the radar of several Street Analysts.Chemours Co is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 .The Rating was issued on May 9, 2016.Chemours Co is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 14, 2016.
The Chemours Company (Chemours) is a provider of performance chemicals. The Company delivers solutions with a range of industrial and specialty chemical products for markets including plastics and coatings refrigeration and air conditioning general industrial and mining and oil refining. The Company operates through three segments: Titanium Technologies Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2) under the brands including Ti-Pure and Vantage. Its Fluoroproducts segment is a provider of fluoroproducts under the brands including Suva ISCEON Freon Opteon Teflon Tefzel Viton Krytox Formacel Dymel FM 200 Nafion and Capstone. Its Chemical Solutions segment is a provider of industrial and specialty performance chemicals under the brands including Virkon and Oxone. The Company’s products include titanium dioxide refrigerants industrial fluoropolymer resins sodium cyanide sulfuric acid and aniline.