Chemours Company (The) (CC) : Traders are bullish on Chemours Company (The) (CC) as it has outperformed the S&P 500 by a wide margin of 39.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.12% in the last 1 week, and is up 40.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Chemours Company is up 24.5% in the last 3-month period. Year-to-Date the stock performance stands at 133.44%. The stock has recorded a 20-day Moving Average of 22.23% and the 50-Day Moving Average is 35.15%.
Chemours Company (The) (NYSE:CC): The stock opened at $12.34 on Friday but the bulls could not build on the opening and the stock topped out at $12.45 for the day. The stock traded down to $12.17 during the day, due to lack of any buying support eventually closed down at $12.38 with a loss of -0.16% for the day. The stock had closed at $12.40 on the previous day. The total traded volume was 1,827,396 shares.
Also, Citigroup maintains its rating on Chemours Company (The) (NYSE:CC). The global brokerage major raises the current price target from $9 per share to $11 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on August 11, 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 Companys products include titanium dioxide, refrigerants, industrial fluoropolymer resins, sodium cyanide, sulfuric acid and aniline.