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Recent Insider Activity Could Benefit Chemours Company (CC)

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In a filing, Chemours Company revealed its Interim Pres. – Titanium Tech Picho Diane I. unloaded Company’s shares for reported $50519.0 on Aug 07 ’24. In the deal valued at $18.82 per share,2,684 shares were sold. As a result of this transaction, Picho Diane I. now holds 19,890 shares worth roughly $0.36 million.

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Then, Picho Diane I. sold 73 shares, generating $1,390 in total proceeds. Upon selling the shares at $19.04, the Interim Pres. – Titanium Tech now owns 22,574 shares.

Before that, Picho Diane I. bought 2,684 shares. Chemours Company shares valued at $50,519 were divested by the Officer at a price of $18.82 per share.

UBS upgraded its Chemours Company [CC] rating to a Buy from a a Neutral in a research note published on July 09, 2024; the price target was increased to $30 from $28. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. BMO Capital Markets also remained covering CC and has increased its forecast on April 09, 2024 with a “an Outperform” recommendation from previously “an Underperform” rating. UBS revised its rating on March 05, 2024. It rated CC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CC

On Friday, Chemours Company [NYSE:CC] saw its stock fall -1.51% to $18.32. Over the last five days, the stock has lost -6.77%. Chemours Company shares have fallen nearly -41.92% since the year began. Nevertheless, the stocks have fallen -22.41% over the past one year. While a 52-week high of $32.70 was reached on 01/02/24, a 52-week low of $15.10 was recorded on 02/29/24. SMA at 50 days reached $18.97, while 200 days put it at $24.24.

Levels Of Support And Resistance For CC Stock

The 24-hour chart illustrates a support level at 18.03, which if violated will result in even more drops to 17.74. On the upside, there is a resistance level at 18.70. A further resistance level may holdings at 19.09. The Relative Strength Index (RSI) on the 14-day chart is 40.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.12%. Stochastics %K at 16.63% indicates the stock is a buying.

How much short interest is there in Chemours Company?

A steep rise in short interest was recorded in Chemours Company stocks on 2024-10-15, growing by 0.7 million shares to a total of 8.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.3 million shares. There was a rise of 8.72%, which implies that there is a positive sentiment for the stock.

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