The Chemours Co (NYSE: CC) stock suffered a major decline of -11.9% on 8/2/24. The shares closed at $20.54. Moreover, exceptionally high trading volume at 386% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -14.0% during the last week.
Current PriceTarget Research Rating
CC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Chemours has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Chemours has a slightly positive Appreciation Score of 62 but a very low Power Rating of 4, and the Negative Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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