Chemtura Corp Director Sells $25,102 in Stock (CHMT)
Chemtura Corp (NYSE:CHMT) Director Anna C. Catalano sold 1,042 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $24.09, for a total transaction of $25,101.78. Following the completion of the sale, the director now directly owns 30,120 shares in the company, valued at approximately $725,591. The sale was disclosed in a filing with the SEC, which is available at this link.
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.
Chemtura Corp (NYSE:CHMT) traded up 1.92% during mid-day trading on Monday, hitting $24.90. The stock had a trading volume of 530,730 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 $24.99 and its 200-day moving average is $24.88. The company’s market cap is $2.255 billion.
Chemtura Corp (NYSE:CHMT) last posted its quarterly earnings results 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. Analysts expect that Chemtura Corp will post $1.09 EPS for the current fiscal year.
Chemtura Corporation (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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