The Chemours Co (NYSE: CC) stock closed at $19.67 on 2/29/24 after a major decline of -31.5%. Moreover, exceptionally high trading volume at 1606% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -32.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CC is expected to continue to be a major Value Builder.
Chemours has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Chemours has a very high Appreciation Score of 86 but a poor Power Rating of 27, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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