It is trading at $55.95 just above $52.52, the 50 day moving average and which is quite a bit above the 200 day moving average of $44.84. The 50 day moving average was up $3.43 or +6.53% and the 200 day average went up $11.11 or +24.77%. Chemours Company (The) shares had a trading volume of 1,873K in the last trading session. Volume was down 19.63% under the stocks average daily volume.
Short traders are more bearish on shares of the company considering the increase in short interest. The company recorded a rise in short interest of 18.80% between September 15, 2017 and September 29, 2017. Short shares grew from 2,873,270 to 3,413,426 over that timeframe. The short-interest ratio increased to 2.0 and the short interest percentage is 0.02% as of September 29.
Chemours Company (The) (NYSE:CC) has been the object of insider selling activity recently. SVP, GC & Corp. Secretary David C. Shelton sold 5,908 shares at an average price of $56.01 on October 13th. Shelton now owns $2,321,502 of stock per an SEC filing yesterday. SVP, GC & Corp. Secretary David C. Shelton disclosed the sale of 13,397 shares of (CC). The shares were sold on October 10th for an average price of $55.00. The SVP, GC & Corp. Secretary now owns $2,279,640 of the stock per the Form 4 SEC filing.
David C. Shelton, SVP, GC & Corp. Secretary reported the sale of 19,000 shares. The shares sold for $53.67. Shelton now owns $2,224,514 of the stock according to the SEC filing.
These funds have shifted positions in (CC). As of quarter end Gateway Investment Advisers LLC had acquired 27,706 shares growing its stake by 306.8%. The value of the investment in CC increased from $342,000 to $1,859,000 a change of 443.6% quarter over quarter. Howe & Rusling Inc downsized its ownership by selling 50 shares a decrease of 42.4% as of 09/30/2017. Howe & Rusling Inc now holds 68 shares valued at $3,000. The value of the position overall is down by 25.0%.
As of the end of the quarter Capital One, National Association had sold a total of 44 shares trimming its position 3.3%. The value in dollars went from $50,000 to $65,000 increasing 30.0% quarter to quarter. As of quarter end State Treasurer State Of Michigan had sold 6,500 shares trimming its holdings by 8.6%. The value of the company’s investment in Chemours Company (The) went from $2,882,000 to $3,517,000 a change of $635,000 since the last quarter.
On July 5 the company was changed to “Buy” in a report from Citigroup which was a boost from the previous “Neutral” rating. On August 7 the company was upgraded to “Neutral” from “Neutral” and a price target of $50.00 was set by UBS.
UBS upgraded the stock and raised the price target on August 7 changing the price objective from $16.00 to $50.00 and raising the rating from “Neutral” to “Neutral”.
The company is up by 0.11%% since yesterday’s close of 55.89. Additionally Chemours Company (The) recently announced a dividend that was paid on Friday the 15th of September 2017. The dividend was $0.030 per share for the quarter or $0.12 on an annualized basis. The dividend yield was $0.21. The ex-dividend date was Tuesday the 15th of August 2017.
The company currently has a P/E ratio of 36.62 and the market cap of the company is 10.34B. As of the latest earnings report the EPS was $1.53 and is projected to be $3.57 for the current year with 184,800,000 shares outstanding. Next quarter’s EPS is expected be $0.96 with next year’s EPS projected to be $4.73.
The Chemours Company, launched on February 18, 2014, is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2). The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins. The Chemical Solutions segment is a North American provider of industrial chemicals used in gold production, oil and gas, water treatment and other industries. It delivers customized solutions with a range of industrial and specialty chemical products for markets, including plastics and coatings, refrigeration and air conditioning, general industrial, mining and oil refining. Its products include titanium dioxide, refrigerants, industrial fluoropolymer resins and a portfolio of mining and industrial chemicals, including sodium cyanide. As of December 31, 2016, the Company operates 26 production facilities located in 10 countries..