Will Chemours Co Go Down Anytime Soon? Option Trader Believe So

 Will Chemours Co Go Down Anytime Soon? Option Trader Believe So

In today’s session Chemours Co (CC) recorded an unusually high (350) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CC decrease. With 350 contracts traded and 2044 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CC161216P00022000 closed last at: $0.55 or 10% up. About 169,497 shares traded hands. Chemours Co (NYSE:CC) has risen 141.25% since April 26, 2016 and is uptrending. It has outperformed by 135.99% the S&P500.

Analysts await Chemours Co (NYSE:CC) to report earnings on February, 28. They expect $0.31 earnings per share, up 933.33% or $0.28 from last year’s $0.03 per share. CC’s profit will be $54.40M for 18.43 P/E if the $0.31 EPS becomes a reality. After $0.61 actual earnings per share reported by Chemours Co for the previous quarter, Wall Street now forecasts -49.18% 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 -50.20% below today’s ($22.85) stock price. Chemours has been the topic of 16 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Chemours Co (NYSE:CC) has “Underweight” rating given on Friday, August 7 by JP Morgan. As per Friday, August 7, the company rating was upgraded by JP Morgan. UBS maintained it with “Sell” rating and $5.25 target price in Tuesday, August 9 report. Argus Research initiated Chemours Co (NYSE:CC) on Friday, September 18 with “Hold” rating. Susquehanna initiated Chemours Co (NYSE:CC) on Monday, July 27 with “Neutral” rating. The stock of Chemours Co (NYSE:CC) has “Buy” rating given on Monday, March 14 by Goldman Sachs. The rating was maintained by Citigroup on Monday, April 18 with “Neutral”. The company was downgraded on Tuesday, February 16 by Jefferies. The stock has “Sell” rating given by UBS on Tuesday, August 18. Jefferies maintained the stock with “Hold” rating in Thursday, September 1 report.

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 $4.01 billion. The Firm operates through three divisions: Titanium Technologies, Fluoroproducts and Chemical Solutions. It has a 27.92 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 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) “Most Morally And Financially Bankrupt Company” 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.

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