CBT Stock Summary and Trading Ideas (Cabot | NYSE:CBT)

Cabot Corp manufactures and sells a variety of chemicals, materials, and chemical-based products. The company organizes itself into two segments based on the product type. The reinforcement materials segment, which generates more revenue than any other segment, sells rubber-grade carbon black products used in hoses and belts in automobiles. The performance chemicals segment sells ink-jet colorants and metal oxides used in the automotive and construction industries.

Cabot trades on the NYSE stock market under the symbol CBT.

As of April 17, 2024, CBT stock price declined to $91.93 with 263,403 million shares trading.

CBT has a beta of 1.07, meaning it tends to be more sensitive to market movements. CBT has a correlation of 0.23 to the broad based SPY ETF.

CBT has a market cap of $5.10 billion. This is considered a Mid Cap stock.

Last quarter Cabot reported $958 million in Revenue and $1.56 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.07.

In the last 3 years, CBT stock traded as high as $98.34 and as low as $47.59.

The top ETF exchange traded funds that CBT belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

CBT has outperformed the market in the last year with a price return of +24.9% while the SPY ETF gained +22.5%. CBT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +25.2% and -1.8%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

CBT support price is $91.14 and resistance is $94.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBT stock will trade within this expected range on the day.