Chemours Co Unusual Bullish Options Activity Means Profits for Traders

 Chemours Co Unusual Bullish Options Activity Means Profits for Traders

In today’s session Chemours Co (CC) registered an unusually high (586) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CC increase. With 586 contracts traded and 554 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CC161118C00020000 closed last at: $0.65 or 116.7% up. About 1.21 million shares traded hands. Chemours Co (NYSE:CC) has risen 185.37% since April 7, 2016 and is uptrending. It has outperformed by 180.59% 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. On Friday, August 14 the stock rating was initiated by Citigroup with “Neutral”. The stock has “Buy” rating given by Argus Research on Wednesday, August 10. On Tuesday, August 18 the stock rating was downgraded by UBS to “Sell”. The rating was upgraded by JP Morgan on Friday, August 7 to “Neutral”. JP Morgan upgraded the stock to “Underweight” rating in Friday, August 7 report. The stock of Chemours Co (NYSE:CC) has “Neutral” rating given on Thursday, August 11 by Citigroup. The firm has “Sell” rating given on Tuesday, August 9 by UBS. On Monday, March 14 the stock rating was upgraded by Goldman Sachs to “Buy”. The company was maintained on Monday, April 18 by Citigroup. The rating was initiated by Susquehanna with “Neutral” on Monday, July 27.

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 $3.83 billion. The Firm operates through three divisions: Titanium Technologies, Fluoroproducts and Chemical Solutions. It has a 24.71 P/E ratio. 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: Investorplace.com which released: “Trade of the Day: Chemours Co (NYSE:CC)” on October 26, 2016, also Fool.com with their article: “Chemours Co Surges After New Jury Verdict” published on July 08, 2016, Rttnews.com published: “Chemours Co. (CC) Leaped To A New High Following Q3 Report” on November 08, 2016. More interesting news about Chemours Co (NYSE:CC) were released by: Valuewalk.com and their article: “Chemours Co (CC) “Most Morally And Financially Bankrupt Company” Ever: Citron …” published on June 02, 2016 as well as Valuewalk.com‘s news article titled: “Chemours Co (CC) Starts To Rally After Tanking On Wednesday” with publication date: July 07, 2016.

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