The stock of Chase Corporation (NYSEMKT:CCF) reached all time high today, Sep, 30 and still has $88.61 target or 29.00% above today’s $68.69 share price. This indicates more upside for the $635.10M company. This technical setup was reported by Barchart.com. If the $88.61 PT is reached, the company will be worth $184.18M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 809 shares traded hands. Chase Corporation (NYSEMKT:CCF) has risen 51.25% since February 26, 2016 and is uptrending. It has outperformed by 40.82% the S&P500.
Analysts await Chase Corporation (NYSEMKT:CCF) to report earnings on October, 26.
According to Zacks Investment Research, “CHASE CORP. manufactures insulating and semi-conducting electrical cable tape wrappings, cable filling compounds, anti-corrosion mastics, reinforced rubber and asphalt tapes and bridge deck corrosion barrier membranes. Co.’s principal products are protective coatings and tape products that are sold in national and international markets.”
Insitutional Activity: The institutional sentiment increased to 1.83 in Q2 2016. Its up 0.31, from 1.52 in 2016Q1. The ratio is positive, as 8 funds sold all Chase Corporation shares owned while 21 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 4.67 million shares or 10.07% less from 5.19 million shares in 2016Q1.
Minerva Advisors Llc holds 15.15% of its portfolio in Chase Corporation for 377,988 shares. Wilen Investment Management Corp. owns 213,124 shares or 8.1% of their US portfolio. Moreover, Fca Corp Tx has 2.5% invested in the company for 83,013 shares. The New York-based Teton Advisors Inc. has invested 0.59% in the stock. Newman Dignan & Sheerar Inc., a Rhode Island-based fund reported 7,525 shares.
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 11 sales for $522,362 net activity.
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