In a filing, Chemours Company revealed its SVP Corp Communications & CBO Scarborough Alvenia unloaded Company’s shares for reported $0.15 million on Nov 07 ’24. In the deal valued at $20.64 per share,7,500 shares were sold. As a result of this transaction, Scarborough Alvenia now holds 16,645 shares worth roughly $0.3 million.
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Then, Scarborough Alvenia bought 7,500 shares, generating $150,000 in total proceeds.
Before that, Picho Diane I. sold 2,684 shares. Chemours Company shares valued at $50,519 were divested by the Interim Pres. – Titanium Tech at a price of $18.82 per share. As a result of the transaction, Picho Diane I. now holds 19,890 shares, worth roughly $0.36 million.
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 Tuesday, Chemours Company [NYSE:CC] saw its stock fall -2.93% to $18.21. Over the last five days, the stock has lost -13.98%. Chemours Company shares have fallen nearly -42.26% since the year began. Nevertheless, the stocks have fallen -40.18% 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 $19.82, while 200 days put it at $22.61.
Levels Of Support And Resistance For CC Stock
The 24-hour chart illustrates a support level at 17.96, which if violated will result in even more drops to 17.70. On the upside, there is a resistance level at 18.64. A further resistance level may holdings at 19.06. The Relative Strength Index (RSI) on the 14-day chart is 33.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.12%. Stochastics %K at 5.59% 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 2024-11-29, dropping by -0.42 million shares to a total of 7.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.7 million shares. There was a decline of -5.81%, which implies that there is a negative sentiment for the stock.
