An Analysis of Chase Corporation (CCF)’s Potential Price Growth

Chase Corporation’s recently made public that its PRESIDENT/CEO CHASE ADAM unloaded Company’s shares for reported $0.18 million on Jul 06. In the deal valued at $116.89 per share,1,500 shares were sold. As a result of this transaction, CHASE ADAM now holds 186,745 shares worth roughly $ 23.62 million.

Then, CHASE ADAM sold 1,500 shares, generating $188,475 in total proceeds. Upon selling the shares at $125.65, the PRESIDENT/CEO now owns 188,245 shares.

Before that, CHASE ADAM sold 1,500 shares. Chase Corporation shares valued at $164,445 were divested by the PRESIDENT/CEO at a price of $109.63 per share. As a result of the transaction, CHASE ADAM now holds 189,745 shares, worth roughly $24.0 million.

Price Performance Review of CCF

On Friday, Chase Corporation [AMEX:CCF] saw its stock fall -0.01% to $126.49. On the same session, the stock had its day’s lowest price of $126.43, but rose to a high of $126.61. Over the last five days, the stock has gained 0.15%. Chase Corporation shares have risen nearly 46.64% since the year began. Nevertheless, the stocks have risen 43.48% over the past one year. While a 52-week high of $135.27 was reached on 07/20/23, a 52-week low of $79.00 was recorded on 01/03/23. SMA at 50 days reached $124.17, while 200 days put it at $107.39. A total of 0.12 million shares were traded, compared to the trading of 67000.0 shares in the previous session.

Levels Of Support And Resistance For CCF Stock

The 24-hour chart illustrates a support level at 126.41, which if violated will result in even more drops to 126.33. On the upside, there is a resistance level at 126.59. A further resistance level may holdings at 126.69. The Relative Strength Index (RSI) on the 14-day chart is 58.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.35%. Stochastics %K at 46.97% indicates the stock is a holding.

How much short interest is there in Chase Corporation?

A steep rise in short interest was recorded in Chase Corporation stocks on Aug 14, 2023, growing by 13310.0 shares to a total of 57670.0 shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 44360.0 shares. There was a rise of 23.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.77% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.49.

Chase Corporation [CCF] – Who Are The Largest Shareholders?

In filings from Neuberger Berman Investment Advis, it is revealed that the company now owns 832,710 shares, or roughly 8.76% of the outstanding CCF shares. In other words, the investor’s shares have fallen by -25,851 from its previous 13-F filing of 858561.0. Additionally, Fidelity Management & Research Co increased 29.40% of its stake after which the total value it holdings stand at $102,788,430. Over the last quarter, Mawer Investment Management Ltd. sold -10,000 shares of Chase Corporation, while BlackRock Fund Advisors sold -1,322 shares. At present, The Vanguard Group, Inc. is holding 394,764 shares valued at $49.7 million. AltraVue Capital LLC owned 361,707 shares of the company at the time of its most recent 13F filing, worth $45.54 million.

According to FactSet, Chase Corporation’s share price will average $142.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.25 percent from its previous closing price of $126.50. Analysts expect Chase Corporation stock to reach the higher price of $142.00, while the lowest price estimate is $142.00. However, 1 analyst have rated CCF stock as an Overweight in their predictions for 2023.