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