Some Traders See Unusual Bearish Options Activity in Chemours Co

 Some Traders See Unusual Bearish Options Activity in Chemours Co

In today’s session Chemours Co (CC) recorded an unusually high (200) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious CC decrease. With 200 contracts traded and 3084 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: CC161118P00014000 closed last at: $0.8 or 0% . About 109,501 shares traded hands. Chemours Co (NYSE:CC) has risen 138.67% since March 9, 2016 and is uptrending. It has outperformed by 131.26% the S&P500.

Analysts await Chemours Co (NYSE:CC) to report earnings on November, 3. They expect $0.26 EPS, down 35.00% or $0.14 from last year’s $0.4 per share. CC’s profit will be $45.81 million for 14.63 P/E if the $0.26 EPS becomes a reality. After $0.27 actual EPS reported by Chemours Co for the previous quarter, Wall Street now forecasts -3.70% negative EPS growth.

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. $19 is the highest target while $5.25 is the lowest. The $11.38 average target is -25.18% below today’s ($15.21) stock price. Chemours has been the topic of 16 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Thursday, September 1, the company rating was maintained by Jefferies. UBS downgraded Chemours Co (NYSE:CC) on Tuesday, August 18 to “Sell” rating. The firm has “Neutral” rating given on Friday, August 7 by JP Morgan. The firm has “Neutral” rating by Susquehanna given on Monday, July 27. The stock of Chemours Co (NYSE:CC) has “Underweight” rating given on Friday, August 7 by JP Morgan. The rating was initiated by Argus Research with “Hold” on Friday, September 18. The company was maintained on Monday, April 18 by Citigroup. The company was upgraded on Monday, March 14 by Goldman Sachs. The firm earned “Neutral” rating on Thursday, August 11 by Citigroup. Argus Research upgraded the shares of CC in a report on Wednesday, August 10 to “Buy” 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.”

The Chemours Company is a provider of performance chemicals. The company has a market cap of $2.68 billion. The Firm operates through three divisions: Titanium Technologies, Fluoroproducts and Chemical Solutions. It currently has negative earnings. The Company’s Titanium Technologies segment makes titanium dioxide , which is a pigment used to deliver whiteness, opacity, brightness and protection from sunlight in applications, such as architectural and industrial coatings, plastic packaging, polyvinyl chloride (PVC) window profiles, laminate papers, coated paper and coated paperboard used for packaging.

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.

More notable recent Chemours Co (NYSE:CC) news were published by: Fool.com which released: “Chemours Co Surges After New Jury Verdict” on July 08, 2016, also Valuewalk.com with their article: “Chemours Co (CC) Starts To Rally After Tanking On Wednesday” published on July 07, 2016, Valuewalk.com published: “Chemours Co (CC) “Most Morally And Financially Bankrupt Company” Ever: Citron …” on June 02, 2016. More interesting news about Chemours Co (NYSE:CC) were released by: Fool.com and their article: “Here’s Why Chemours Co Stock Popped Today” published on February 24, 2016 as well as Investorplace.com‘s news article titled: “Why Chemours Co (CC), Petroleo Brasileiro SA Petrobras (ADR) (PBR) and Polycom …” with publication date: July 08, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment