The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chemours Company shares valued at $50,519 were sold by Picho Diane I. on Aug 07 ’24. At $18.82 per share, Picho Diane I. sold 2,684 shares. The insider’s holdings dropped to 19,890 shares worth approximately $0.36 million following the completion of this transaction.
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Also, Picho Diane I. sold 73 shares, netting a total of over 1,390 in proceeds. Following the sale of shares at $19.04 each, the insider now holds 22,574 shares.
Before that, Picho Diane I. had added 2,684 shares to its account. In a trade valued at $50,519, the Officer bought Chemours Company shares for $18.82 each.
As published in a research note from UBS on July 09, 2024, Chemours Company [CC] has been rated up from a Neutral to a Buy and the price target has been revised to $30 from $28. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of April 09, 2024, BMO Capital Markets has increased its “an Underperform” rating to a “an Outperform” for CC. Earlier on March 05, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for CC stock which previously was a “a Buy”.
Analyzing CC Stock Performance
During the last five days, there has been a drop of approximately -0.05%. Over the course of the year, Chemours Company shares have dropped approximately -41.95%. Shares of the company reached a 52-week high of $32.70 on 01/02/24 and a 52-week low of $15.10 on 02/29/24. A 50-day SMA is recorded $18.96, while a 200-day SMA reached $24.07. Nevertheless, trading volume fell to 1.58 million shares from 1.26 million shares the previous day.
Support And Resistance Levels for Chemours Company (CC)
According to the 24-hour chart, there is a support level at 18.08, which, if violated, would cause prices to drop to 17.85. In the upper region, resistance lies at 18.62. The next price resistance is at 18.93. RSI (Relative Strength Index) is 41.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 87.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
