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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Chemtura Corporation (CHMT) in Focus: Stock Tumbles 8.1%

Zacks Equity Research

Chemtura Corporation (CHMT) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $24.52 to $26.20 in the past one-month time frame.

Chemtura Corporation has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

CHMT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the chemical specialty sector may consider better-ranked stocks like Globe Specialty Metals, Inc. (GSM), International Flavors & Fragrances Inc. (IFF) and Rockwood Holdings, Inc. (ROC). All these stocks carry a Zacks Rank #2 (Buy).

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CHEMTURA CORP (CHMT): Free Stock Analysis Report


Zacks Investment Research