An Analysis of The Chemours Company (CC)’s Potential Price Growth


The Chemours Company’s recent filing unveils that its President and CEO Newman Mark acquired Company’s shares for reported $0.27 million on Jun 09. In the deal valued at $34.63 per share,7,661 shares were bought. As a result of this transaction, Newman Mark now holds 266,955 shares worth roughly $ 8.74 million.

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Then, Scarborough Alvenia sold 5,125 shares, generating $165,537 in total proceeds. Upon selling the shares at $32.30, the SVP Corp Communications & CBO now owns 13,890 shares.

Before that, Abbott Matthew S sold 8,912 shares. The Chemours Company shares valued at $304,790 were divested by the SVP, Chief Enterprise Transfor at a price of $34.20 per share. As a result of the transaction, Abbott Matthew S now holds 29,869 shares, worth roughly $0.98 million.

BofA Securities downgraded its The Chemours Company [CC] rating to a Neutral from a a Buy in a research note published on Friday, June 22, 2023; the price target was decreased to $37 from $41. PT values the company’s stock at a premium of 11.51 to its Friday closing price.

Price Performance Review of CC

On Friday, The Chemours Company [NYSE:CC] saw its stock jump 1.55% to $32.74. On the same session, the stock had its day’s lowest price of $32.10, but rose to a high of $32.94. Over the last five days, the stock has gained 1.11%. The Chemours Company shares have risen nearly 6.92% since the year began. Nevertheless, the stocks have fallen -9.86% over the past one year. While a 52-week high of $39.05 was reached on 07/20/23, a 52-week low of $23.58 was recorded on 05/31/23. SMA at 50 days reached $35.74, while 200 days put it at $32.51. A total of 0.7 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For CC Stock

The 24-hour chart illustrates a support level at 32.25, which if violated will result in even more drops to 31.75. On the upside, there is a resistance level at 33.09. A further resistance level may holdings at 33.43. The Relative Strength Index (RSI) on the 14-day chart is 35.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.88%. Stochastics %K at 11.17% indicates the stock is a buying.

How much short interest is there in The Chemours Company?

A steep rise in short interest was recorded in The Chemours Company stocks on Aug 14, 2023, growing by 60000.0 shares to a total of 5.4 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.34 million shares. There was a rise of 1.11%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.97.

According to FactSet, The Chemours Company’s share price will average $39.55 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.97 percent from its previous closing price of $32.24. Analysts expect The Chemours Company stock to reach the higher price of $53.00, while the lowest price estimate is $29.00. However, 13 analysts have rated CC stock as a Hold in their predictions for 2023.


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