The stock of Chemours Co (NYSE:CC) reached all time high today, Nov, 21 and still has $35.56 target or 53.00% above today’s $23.24 share price. This indicates more upside for the $4.23B company. This technical setup was reported by Barchart.com. If the $35.56 PT is reached, the company will be worth $2.24B 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. The stock increased 2.47% or $0.56 on November 21, hitting $23.24. About 2.73M shares traded hands. Chemours Co (NYSE:CC) has risen 150.33% since April 19, 2016 and is uptrending. It has outperformed by 146.47% 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 “Hold” rating given on Friday, September 18 by Argus Research. JP Morgan upgraded the shares of CC in a report on Friday, August 7 to “Underweight” rating. The firm has “Hold” rating by Jefferies given on Tuesday, February 16. UBS downgraded the stock to “Sell” rating in Tuesday, August 18 report. The stock of Chemours Co (NYSE:CC) earned “Neutral” rating by Susquehanna on Monday, July 27. Citigroup maintained the shares of CC in a report on Thursday, August 11 with “Neutral” rating. Jefferies maintained it with “Hold” rating and $15 target price in Thursday, September 1 report. The firm has “Sell” rating given on Tuesday, August 9 by UBS. Citigroup maintained the stock with “Neutral” rating in Monday, April 18 report. As per Monday, March 14, the company rating was upgraded by Goldman Sachs.
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: Fool.com which released: “Chemours Co Surges After New Jury Verdict” on July 08, 2016, also Investorplace.com published article titled: “Trade of the Day: Chemours Co (NYSE:CC)”, Valuewalk.com published: “Chemours Co (CC) â€œMost Morally And Financially Bankrupt Companyâ€ Ever: Citron …” on June 02, 2016. More interesting news about Chemours Co (NYSE:CC) was released by: Valuewalk.com and their article: “Chemours Co (CC) Starts To Rally After Tanking On Wednesday” with publication date: July 07, 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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