Large Outflow of Money Witnessed in Cabot Corporation

Cabot Corporation (NYSE:CBT) surged 0.28% during the last session. The last traded price was up 0.13 points at $46.21. The data for the fund flow suggests that the net intraday money flow was $(-3.63) million. The fund value in upticks was recorded to be $0.48 million and in downticks, it was found to be $4.12 million. The up/down ratio for the day was measured to be 0.12. For the week, the shares have seen a percentage change of -2.18%.A block trade of $(-3.63) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $3.63 million. The block tradeoff had the up/down ratio of 0.

Cabot Corporation has dropped 2.18% in the last five trading days, however, the shares have posted positive gains of 4.53% in the last 4 weeks. Cabot Corporation has dropped 5.73% during the last 3-month period . Year-to-Date the stock performance stands at 14.37%.

Currently the company Insiders own 2.48% of Cabot Corporation shares according to the proxy statements. Institutional Investors own 85.74% of Cabot Corporation shares. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Prevost Patrick M., director of Cabot Corp, had unloaded 60,000 shares at an average price of $46.3 in a transaction dated on June 2, 2016. The total value of the transaction was worth $2,778,000.

Cabot Corporation (NYSE:CBT) rose 0.28% or 0.13 points on Friday and made its way into the gainers of the day. After trading began at $46.02 the stock was seen hitting $46.7 as a peak level and $46.02 as the lowest level. The stock ended up at $46.21. The daily volume was measured at 398,322 shares. The 52-week high of the share price is $50.68 and the 52-week low is $30.7. The company has a market cap of $2,883 million.

Cabot Corporation (Cabot) is a global specialty chemicals and performance materials company. The Companys principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. The Company operates through four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids. The Reinforcement Materials segment includes rubber blacks products, which are used in tires and industrial products. The Companys Performance Chemicals consists of two businesses: Specialty Carbons and Formulations business, and Metal Oxides business. The Purification Solutions segment includes activated carbon products, which are used as either a colorant or a decolorizing agent in the production of products for food and beverage applications. The Companys Specialty Fluids segment produces and markets cesium formate as a drilling and completion fluid.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *