The stock of Chemours Co (NYSE:CC) hit a new 52-week high and has $34.50 target or 55.00% above today’s $22.26 share price. The 6 months bullish chart indicates low risk for the $4.22B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $34.50 price target is reached, the company will be worth $2.32 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.27 million shares traded hands. Chemours Co (NYSE:CC) has risen 170.60% since April 15, 2016 and is uptrending. It has outperformed by 165.98% the S&P500.
Chemours Co (NYSE:CC) Ratings Coverage
Out of 8 analysts covering Chemours (NYSE:CC), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Chemours has been the topic of 16 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, August 14 by Citigroup. Citigroup maintained the shares of CC in a report on Thursday, August 11 with “Neutral” rating. The stock of Chemours Co (NYSE:CC) earned “Neutral” rating by Citigroup on Monday, April 18. Susquehanna initiated the stock with “Neutral” rating in Monday, July 27 report. The rating was upgraded by Argus Research on Wednesday, August 10 to “Buy”. UBS maintained the shares of CC in a report on Tuesday, August 9 with “Sell” rating. JP Morgan upgraded Chemours Co (NYSE:CC) on Friday, August 7 to “Underweight” rating. The rating was upgraded by Goldman Sachs to “Buy” on Monday, March 14. As per Thursday, September 1, the company rating was maintained by Jefferies. Argus Research initiated Chemours Co (NYSE:CC) on Friday, September 18 with “Hold” rating.
According to Zacks Investment Research, “Chemours Company is involved in chemical business. It operating segment consists of Titanium Technologies, Fluoroproducts and Chemical Solutions. Titanium Technologies segment produces titanium dioxide and premium white pigment. Fluoroproducts segment provides fluoroproducts, refrigerants and industrial fluoropolymer resins. Chemical Solutions segment provides industrial and specialty chemicals. The company’s brand consists of Teflon(R), Ti-Pure(R), Krytox(R) Viton(R), Opteon(R) and Nafion(R). Chemours Company is headquartered in Wilmington.”
More important recent Chemours Co (NYSE:CC) news were published by: Streetinsider.com which released: “Form 4 Chemours Co For: Nov 11 Filed by: Newman Mark” on November 16, 2016, also Fool.com published article titled: “Chemours Co Surges After New Jury Verdict”, Investorplace.com published: “Trade of the Day: Chemours Co (NYSE:CC)” on October 26, 2016. More interesting news about Chemours Co (NYSE:CC) was released by: Valuewalk.com and their article: “Chemours Co (CC) â€œMost Morally And Financially Bankrupt Companyâ€ Ever: Citron …” with publication date: June 02, 2016.
CC Company Profile
The Chemours Company, incorporated on February 18, 2014, is a well-known provider of performance chemicals. The Firm operates through three divisions: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Company’s Titanium Technologies segment produces titanium dioxide (TiO2). The Company’s Fluoroproducts segment provides fluoroproducts, such as refrigerants and industrial fluoropolymer resins. The Company’s Chemical Solutions segment provides industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers and other industries. The Firm operates approximately 30 production facilities located in over 10 countries and serves a range of end markets in over 130 countries.
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