Cabot Corporation (NYSE:CBT) traded at a new 52-week high today of $65.39. This new high was reached on below average trading volume as 106,000 shares traded hands, while the average 30-day volume is approximately 372,000 shares.
Over the past year, Cabot Corporation has traded in a range of $47.46 to $65.39 and is now at $65.14, 37% above that low.
Cabot Corp manufactures and sells a variety of chemicals, materials, and chemical-based products. The company organizes itself into three segments based on the product type. The reinforcement materials segment, which generates more revenue than any other segment, sells rubber-grade carbon black products used in hoses and belts in automobiles. The performance chemicals segment sells ink-jet colorants and metal oxides used in the automotive and construction industries. The purification solutions segment sells carbon-based products used to purify air, water, and food and beverages.
Cabot Corporation (NYSE:CBT) has potential upside of 149.2% based on a current price of $65.14 and analysts’ consensus price target of $162.32.
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