Croda International PLC Unsponsored ADR (COIHY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
British speciality chemicals group Croda will sell most of its performance technologies and industrial chemicals division to commodities group Cargill Inc in a $1 billion deal, it said on Wednesday. "We will focus our capital and resources on delivering sustainable solutions and scaling our consumer, health and crop care technologies," CEO Steve Foots said in a statement. In a separate statement, Cargill said the deal would help broaden its offerings to industrial manufacturers looking for sustainable options.