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 $154,771 were sold by Scarborough Alvenia on Nov 07 ’24. At $20.64 per share, Scarborough Alvenia sold 7,500 shares. The insider’s holdings dropped to 16,645 shares worth approximately $0.25 million following the completion of this transaction.
Also, Scarborough Alvenia purchased 7,500 shares, netting a total of over 150,000 in proceeds.
Before that, Picho Diane I. had sold 2,684 shares from its account. In a trade valued at $50,519, the Interim Pres. – Titanium Tech traded Chemours Company shares for $18.82 each. Upon closing the transaction, the insider’s holdings decreased to 2,684 shares, worth approximately $0.3 million.
As published in their initiating research note from Truist on January 28, 2025, Chemours Company [CC] has been a Buy and the price target has been revised to $27. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of June 07, 2024, Mizuho has initiated its “Neutral” rating for CC. Earlier on April 09, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for CC stock which previously was a “an Underperform”.
Analyzing CC Stock Performance
During the last five days, there has been a drop of approximately -13.04%. Over the course of the year, Chemours Company shares have dropped approximately -10.06%. Shares of the company reached a 52-week high of $20.12 on 01/21/25 and a 52-week low of $14.94 on 02/25/25. A 50-day SMA is recorded $17.96, while a 200-day SMA reached $20.52.
Support And Resistance Levels for Chemours Company (CC)
According to the 24-hour chart, there is a support level at 14.83, which, if violated, would cause prices to drop to 14.47. In the upper region, resistance lies at 15.90. The next price resistance is at 16.60. RSI (Relative Strength Index) is 30.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 93.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
