Your email has been successfully added to our mailing list.

×
-0.000199551010227091 -0.000447992017959575 0.000498877525567445 0.000370167123971018 -0.000748316288351238 -0.000748316288351238 -0.000748316288351238 -0.000748316288351238
Stock impact report

Chemours falls on weak quarterly sales forecast after internal review [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
March 28 (Reuters) - Chemours (CC.N) , opens new tab shares fell as much as 15.8% on Thursday, after the chemical company forecast downbeat first-quarter sales and revised some past financial results following an internal review into management misconduct. The review identified "material weaknesses" in its internal control over financial reporting and resulted in revisions of its balance sheet as of Dec. 31, 2022, and its cash flow statements for 2021 and 2022. In its twice-delayed results announcement, Chemours forecast first-quarter net sales to be flat to down sequentially and capital expenditures of about $100 million. It also forecast a 10% sequential decline in net sales for the titanium technologies segment due to seasonally weak demand for titanium, along with a drop in sales in its advanced performance materials segment. "We continue to believe many of Chemours's core businesses should see a recovery in 2024. However, with risk to the numbers and the heightened risk Show less Read more
Impact Snapshot
Event Time:
JPM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for JPM alerts
Opt-in for
JPM alerts

from News Quantified
Opt-in for
JPM alerts

from News Quantified