Chemours Company (NYSE: CC) is 5.92% higher on its value in year-to-date trading and has touched a low of $15.10 and a high of $32.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CC stock was last observed hovering at around $18.76 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $17.90, the stock is -0.19% and -7.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing -4.58% at the moment leaves the stock -18.66% off its SMA200. CC registered -42.92% loss for a year compared to 6-month loss of -22.74%. The firm has a 50-day simple moving average (SMA 50) of $19.2668 and a 200-day simple moving average (SMA200) of $22.05515.
The stock witnessed a -14.76% gain in the last 1 month and extending the period to 3 months gives it a -8.39%, and is 5.92% up 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 5.04% over the week and 4.44% over the month.
Chemours Company (CC) has around 6200 employees, a market worth around $2.67B and $5.75B in sales. Current P/E ratio is 39.13 and Fwd P/E is 8.09. Profit margin for the company is 1.20%. Distance from 52-week low is 18.54% and -44.89% from its 52-week high. The company has generated returns on investments over the last 12 months (1.43%).
The EPS is expected to shrink by -56.57% this year
543.0 institutions hold shares in Chemours Company (CC), with institutional investors hold 83.56% of the company’s shares. The shares outstanding are 149.39M, and float is at 148.33M with Short Float at 4.82%. Institutions hold 82.97% 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 Scarborough Alvenia, the company’s SVP Corp Communications & CBO. SEC filings show that Scarborough Alvenia sold 7,500 shares of the company’s common stock on Nov 07 ’24 at a price of $20.64 per share for a total of $0.15 million. Following the sale, the insider now owns 16645.0 shares.
Still, SEC filings show that on Aug 07 ’24, Picho Diane I. (Interim Pres. – Titanium Tech) disposed off 2,684 shares at an average price of $18.82 for $50519.0. The insider now directly holds 19,890 shares of Chemours Company (CC).
