Chemtura (CHMT) : Traders are bullish on Chemtura (CHMT) as it has outperformed the S&P 500 by a wide margin of 7.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.28%, 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 6.34% in the last 1 week, and is up 8.45% 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 8.36% and the 50-Day Moving Average is 11.23%. Chemtura (NYSE:CHMT): stock turned positive on Friday. Though the stock opened at $29.21, the bulls momentum made the stock top out at $30.74 level for the day. The stock recorded a low of $28.45 and closed the trading day at $30.53, in the green by 2.59%. The total traded volume for the day was 932,943. The stock had closed at $29.76 in the previous days trading.
The company Insiders own 2.6% of Chemtura shares according to the proxy statements. Institutional Investors own 94.72% of Chemtura shares. During last six month period, the net percent change held by insiders has seen a change of -6.84%.
Chemtura Corporation (Chemtura) is a global developer, manufacturer and marketer of engineered industrial specialty chemicals. The Companys products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global manufacturer and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester-based fluids, and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America, Latin America, Europe and Asia.