Stocks of Chemours Company (The) (NYSE:CC) rallied by 1.36% during the past week but lost 10.53% on a 4-week basis. The company has outperformed the S&P 500 by 2.58% in the past week but underperformed the index by 11.35% in the last 4 weeks.
Chemours Company (The) (NYSE:CC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.97 and $8.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.92, notching a gain of 0.45% for the day. The total traded volume was 3,086,081 . The stock had closed at $8.88 on the previous day.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Chemours Co, Newman Mark had purchased shares worth of $27,160 in a transaction dated on May 13, 2016. A total of 2,800 shares were purchased at a price of $9.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Chemours Company (The) (NYSE:CC). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $8 per share from a prior target of $5. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 0.78% of Chemours Company (The) shares according to the proxy statements. Institutional Investors own 67% of Chemours Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of 59.76%.
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 Companys products include titanium dioxide, refrigerants, industrial fluoropolymer resins, sodium cyanide, sulfuric acid and aniline.