Insider Selling: Anna C. Catalano Unloads 1,042 Shares of Chemtura Corp 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 stock was sold at an average price of $24.09, for a total transaction of $25,101.78. Following the transaction, 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.
Chemtura Corp (NYSE:CHMT) opened at 24.55 on Wednesday. Chemtura Corp has a 52 week low of $21.79 and a 52 week high of $28.17. The stock has a 50-day moving average of $24.92 and a 200-day moving average of $24.87. The company’s market cap is $2.224 billion.
Chemtura Corp (NYSE:CHMT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Chemtura Corp will post $1.09 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.
Chemtura Corporation (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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