Chemours to take voluntary action in Fayetteville

On June 20, 2017, Chemours (CC) announced that it would take additional steps to remove GenX wastewater emissions from its Fayetteville site in North Carolina. Chemours claims that the report from the North Carolina Department of Health and Human Services on June 12, 2017, suggests that the GenX waste levels are well below the standards for the Cape Fear River.

Chemours to Take New Measures to Eliminate Waste in Fayetteville

CC also claims that the safety of the Fayetteville facility doesn’t impact the safety of the drinking water in the region. Chemours (CC), which is a spin-off of DuPont (DD), wants to ensure that another PFOA (perfluorooctanoic acids) incident doesn’t occur.

Chemours stock movement for week ended June 23

Chemours stock fell 1.9% for the week and closed at $36.0. CC stock has been on a downward trend since May. The decline in stock prices indicated trend reversal in the 100-day moving average. CC traded 2.3% below the 100-day moving average price of $36.85. CC’s 14-day RSI (or relative strength index) of 35 also indicates that the stock is temporarily moving towards the oversold situation. However, analyst consensus expects CC’s 12-month target to be at $47.14, implying a potential return of 30.9%.

Investors can invest in the PowerShares DWA Momentum Portfolio (PDP) to hold Chemours indirectly. PDP invests 1.5% of its portfolio in Chemours. PDP outperformed CC and rose 0.3% for the week. The firm’s top holdings include Apple (AAPL) and Domino’s Pizza (DPZ), which have weights of 3.0% and 2.8%, respectively.

Latest articles

21 May

Trump’s Huawei Ban Pulls Down US Chip Stocks

WRITTEN BY Scarlett Ness

Last week, Donald Trump blacklisted Chinese telecom giant Huawei Technologies amid rising US-China trade tensions.

21 May

Snap Is Making Up for Last Year

WRITTEN BY Sean Allen

This year has been a great one for Snapchat parent Snap (SNAP), and its stock has nearly doubled.

Coca-Cola (KO) will offer a limited edition of its of New Coke cans beginning May 23 as part of its partnership with Netflix’s (NFLX) show Stranger Things.

21 May

Why Clorox Stock Is Underperforming Peers

WRITTEN BY Adrian Stevens

Clorox stock (CLX) is down about 8% since the company posted its third quarter of fiscal 2019 earnings on May 1.

21 May

What JD Is Set to Get from Its Xinning Deal

WRITTEN BY Rachel Gunter

JD.com (JD) recently invested ~$55 million in purchase a ~10% stake in Jiangsu Xinning Modern Logistics, a Chinese logistics company focusing on the consumer electronics supply chain.

Today, the US stock market was on a path of recovery after starting the week on a bearish note yesterday.

172.31.59.107