Chemtura Corp EVP Sells $474,902 in Stock (CHMT)
Chemtura Corp (NYSE:CHMT) EVP Billie S. Flaherty sold 20,200 shares of Chemtura Corp stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $23.51, for a total value of $474,902.00. Following the transaction, the executive vice president now directly owns 75,103 shares in the company, valued at approximately $1,765,672. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Chemtura Corp (NYSE:CHMT) traded up 0.63% during mid-day trading on Tuesday, hitting $24.06. The stock had a trading volume of 949,228 shares. Chemtura Corp has a 52 week low of $21.79 and a 52 week high of $28.17. The stock’s 50-day moving average is $25.41 and its 200-day moving average is $24.96. The company’s market cap is $2.179 billion.
Chemtura Corp (NYSE:CHMT) last released its earnings data on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.04. The company had revenue of $609.00 million for the quarter, compared to the consensus estimate of $623.60 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that Chemtura Corp will post $1.22 earnings per share for the current fiscal year.
Separately, analysts at Topeka Capital Markets raised their price target on shares of Chemtura Corp from $28.00 to $34.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.20.
Chemtura Corporation (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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