The stock of Chase Corporation (NYSEMKT:CCF) reached all time high today, Nov, 14 and still has $91.25 target or 27.00% above today’s $71.85 share price. This indicates more upside for the $696.42 million company. This technical setup was reported by Barchart.com. If the $91.25 PT is reached, the company will be worth $188.03M 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 24,390 shares traded hands or 8.42% up from the average. Chase Corporation (NYSEMKT:CCF) has risen 31.50% since April 12, 2016 and is uptrending. It has outperformed by 26.52% the S&P500.
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 increased, 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.
Blackrock owns 900 shares or 0% of their US portfolio. Bragg Advsrs Inc accumulated 11,205 shares or 0.12% of the stock. Walleye Trading Ltd Liability Company has invested 0% of its portfolio in Chase Corporation (NYSEMKT:CCF). Advisors Asset Inc holds 12,368 shares or 0.01% of its portfolio. The New York-based Morgan Stanley has invested 0% in Chase Corporation (NYSEMKT:CCF). Lsv Asset holds 1,000 shares or 0% of its portfolio. Rhumbline Advisers owns 8,315 shares or 0% of their US portfolio. Schwab Charles Inv Mgmt has 20,459 shares for 0% of their US portfolio. Creative Planning owns 226 shares or 0% of their US portfolio. New York State Teachers Retirement Sys holds 0% of its portfolio in Chase Corporation (NYSEMKT:CCF) for 600 shares. Credit Suisse Ag accumulated 0% or 6,193 shares. Minerva Advsr Lc holds 377,988 shares or 15.15% of its portfolio. Fmr Lc holds 1.30 million shares or 0.01% of its portfolio. Tiaa Cref Inv Limited Liability holds 0% or 26,794 shares in its portfolio. Vanguard Grp last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 19, 2016, the stock had 0 insider buys, and 8 sales for $390,691 net activity. The insider Chase Mary Claire sold $60,750. The insider HUGHES GEORGE M sold $62,250. 300 shares were sold by GACK LEWIS P, worth $16,947.
Another recent and important Chase Corporation (NYSEMKT:CCF) news was published by Nasdaq.com which published an article titled: “Chase Corporation (CCF) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016.
CCF Company Profile
Chase Corporation (Chase), incorporated on March 1, 1988, is a maker of protective materials for high reliability applications. The Firm operates in two divisions: industrial materials segment and construction materials segment. The industrial materials segment represents its specified products, which are used in or integrated into another company’s product with demand dependent upon general economic conditions. The construction materials segment reflects its construction project oriented product offerings, which are primarily sold and used as Chase branded products in final form.
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