Chemours Company (NYSE: CC) is -37.70% lower on its value in year-to-date trading and has touched a low of $15.10 and a high of $32.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CC stock was last observed hovering at around $19.76 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $19.65, the stock is -0.57% and 3.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -0.56% at the moment leaves the stock -19.95% off its SMA200. CC registered -23.81% loss for a year compared to 6-month loss of -24.16%. The firm has a 50-day simple moving average (SMA 50) of $18.9378 and a 200-day simple moving average (SMA200) of $24.54815.
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The stock witnessed a 2.13% gain in the last 1 month and extending the period to 3 months gives it a -18.13%, and is -3.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 3.60% over the month.
Chemours Company (CC) has around 6200 employees, a market worth around $2.93B and $5.74B in sales. Current P/E ratio is 25.49 and Fwd P/E is 7.77. Profit margin for the company is 2.02%. Distance from 52-week low is 30.13% and -39.91% from its 52-week high. The company has generated returns on investments over the last 12 months (2.38%).
with sales reaching $1.44B over the same period.The EPS is expected to shrink by -54.96% this year, but quarterly earnings will post -5.70% year-over-year.
Chemours Company (CC) Top Institutional Holders
546.0 institutions hold shares in Chemours Company (CC), with institutional investors hold 79.97% of the company’s shares. The shares outstanding are 148.59M, and float is at 148.08M with Short Float at 5.27%. Institutions hold 79.39% of the Float.
The top institutional shareholder in the company is FMR LLC with over 17.52 million shares valued at $395.51 million. The investor’s holdings represent 11.7582% of the CC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.26 million shares valued at $366.98 million to account for 10.9099 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 15.16 million shares representing 10.1741% and valued at over $342.23 million, while MARSHALL WACE, LLP holds 4.7035 of the shares totaling 7.01 million with a market value of $158.21 million.
Chemours Company (CC) Insider Activity
The most recent transaction is an insider sale by Picho Diane I., the company’s Interim Pres. – Titanium Tech. SEC filings show that Picho Diane I. sold 2,684 shares of the company’s common stock on Aug 07 ’24 at a price of $18.82 per share for a total of $50519.0. Following the sale, the insider now owns 19890.0 shares.
Chemours Company disclosed in a document filed with the SEC on Aug 06 ’24 that Picho Diane I. (Interim Pres. – Titanium Tech) sold a total of 73 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $19.04 per share for $1390.0. Following the transaction, the insider now directly holds 22574.0 shares of the CC stock.
Still, SEC filings show that on Aug 07 ’24, Picho Diane I. (Officer) Proposed Sale 2,684 shares at an average price of $18.82 for $50519.0. The insider now directly holds shares of Chemours Company (CC).
