Chemours Company (The) (CC) has been under a strong bear grip, hence the stock is down -4.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 14.31% in the past 1 week. The stock has risen by 16.02% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.11% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 6.48% and the 50-Day Moving Average is 0.44%.
Chemours Company (The) (NYSE:CC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.82 and $8.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.91, notching a gain of 1.48% for the day. The total traded volume was 2,848,839 . The stock had closed at $8.78 on the previous day.
The company Insiders own 0.78% of Chemours Company (The) shares according to the proxy statements. Institutional Investors own 67.01% of Chemours Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of 59.76%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Chemours Co, Newman Mark, had purchased 2,800 shares in a transaction dated on May 13, 2016. The transaction was executed at $9.7 per share with total amount equaling $27,160.
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.