Chemours Company (The) (CC) : Traders are bullish on Chemours Company (The) (CC) as it has outperformed the S&P 500 by a wide margin of 6.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.27%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.2% in the last 1 week, and is up 9.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.96% and the 50-Day Moving Average is 5.79%. The Chemours Company is up 2.29% in the last 3-month period. Year-to-Date the stock performance stands at 74.9%.
Chemours Company (The) (NYSE:CC): On Fridays trading session , Opening price of the stock was $9.39 with an intraday high of $9.489. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.06. However, the stock managed to close at $9.3, a loss of 0.96% for the day. On the previous day, the stock had closed at $9.39. The total traded volume of the day was 2,425,645 shares.
Also, Citigroup maintains their rating on the shares of Chemours Company (The) (NYSE:CC). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $9 per share from $10.5 per share. The rating by the firm was issued on July 15, 2016.
The Chemours Company (Chemours) is a provider of performance chemicals. The Company delivers solutions with a range of industrial and specialty chemical products for markets, including plastics and coatings, refrigeration and air conditioning, general industrial, and mining and oil refining. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2) under the brands, including Ti-Pure and Vantage. Its Fluoroproducts segment is a provider of fluoroproducts under the brands, including Suva, ISCEON, Freon, Opteon, Teflon, Tefzel, Viton, Krytox, Formacel, Dymel, FM 200, Nafion and Capstone. Its Chemical Solutions segment is a provider of industrial and specialty performance chemicals under the brands, including Virkon and Oxone. The Companys products include titanium dioxide, refrigerants, industrial fluoropolymer resins, sodium cyanide, sulfuric acid and aniline.