Shares of Cabot Corporation (NYSE:CBT) traded today at $56.14, eclipsing its 52-week high. This new high was reached on below average trading volume as 72,000 shares traded hands, while the average 30-day volume is approximately 274,000 shares.
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.
In the past 52 weeks, Cabot Corporation share prices are bracketed by a low of $26.95 and a high of $56.14 and is now at $55.90, 107% above that low price.
Cabot Corporation has overhead space with shares priced $55.90, or 7.6% below the average consensus analyst price target of $60.49.
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