CC Stock Summary and Trading Ideas (Chemours Company | NYSE:CC)

The Chemours Co is a global provider of chemicals. It delivers customized solutions with a wide range of industrial and specialty chemicals products for various markets including coatings, plastics, refrigeration, air conditioning, etc. The company's operating segments include Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. It generates maximum revenue from the Titanium Technologies segment. The Titanium Technologies segment is a producer of TiO2 pigment, a premium white pigment used to deliver whiteness, brightness, opacity, durability, efficiency, and protection across a variety of applications. Geographically, the company derives a majority of its revenue from North America.

Chemours Company trades on the NYSE stock market under the symbol CC.

As of April 25, 2024, CC stock price declined to $26.58 with 255,935 million shares trading.

CC has a beta of 1.56, meaning it tends to be more sensitive to market movements. CC has a correlation of 0.11 to the broad based SPY ETF.

CC has a market cap of $3.96 billion. This is considered a Mid Cap stock.

Last quarter Chemours Company reported $1 billion in Revenue and $.31 earnings per share. This beat revenue expectation by $41 million and exceeded earnings estimates by $.06.

In the last 3 years, CC stock traded as high as $44.95 and as low as $15.10.

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

CC has underperformed the market in the last year with a price return of -4.6% while the SPY ETF gained +23.2%. CC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.2% and -3.4%, respectively, while the SPY returned +3.7% and -2.4%, respectively.

CC support price is $26.28 and resistance is $27.88 (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 CC stock will trade within this expected range on the day.