Chemtura Corporation (CHMT) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CHMT, as the stock is now down 13.7% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as Chemtura has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
CHMT currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Investors interested in the Chemical-Specialty industry may consider better-ranked stock like Penford Corporation (PENX) which carries a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment