Cabot Corp (CBT) Files Form 4 Insider Selling : Patrick M. Prevost Sells 60,000 Shares

Cabot Corp (CBT): Patrick M. Prevost , director of Cabot Corp sold 60,000 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $46.30 per share for a total value of $2,777,880.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 7, 2016, James Patrick Kelly (Vice President and Controller) sold 12,225 shares at $47.05 per share price.On Mar 2, 2016, Patrick M. Prevost (President and CEO) sold 60,000 shares at $44.98 per share price.Also, On Feb 26, 2015, Ronaldo H Schmitz (director) sold 5,000 shares at $46.85 per share price.On Feb 10, 2015, Lydia W Thomas (director) sold 4,496 shares at $46.16 per share price.

Shares of Cabot Corp (CBT) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.3 points or -0.64% at $46.33 with 3,38,146 shares getting traded. Post opening the session at $46.7, the shares hit an intraday low of $46.25 and an intraday high of $46.71 and the price vacillated in this range throughout the day. The company has a market cap of $2,891 M and the number of outstanding shares has been calculated to be 6,23,98,860 shares. The 52-week high of Cabot Corp is $50.68 and the 52-week low is $30.7.

Cabot Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cabot Corp is Downgraded by KeyBanc Capital Mkts to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Apr 11, 2016.Cabot Corp is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 14, 2016.

Cabot Corporation (Cabot) is a global specialty chemicals and performance materials company. The Company’s principal products are rubber and specialty grade carbon blacks fumed metal oxides activated carbon inkjet colorants aerogel and cesium formate drilling fluids. The Company operates through four segments: Reinforcement Materials Performance Chemicals Purification Solutions and Specialty Fluids. The Reinforcement Materials segment includes rubber blacks products which are used in tires and industrial products. The Company’s Performance Chemicals consists of two businesses: Specialty Carbons and Formulations business and Metal Oxides business. The Purification Solutions segment includes activated carbon products which are used as either a colorant or a decolorizing agent in the production of products for food and beverage applications. The Company’s Specialty Fluids segment produces and markets cesium formate as a drilling and completion fluid.

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