Shares of Cabot Corporation (NYSE:CBT) traded today at $78.62, eclipsing its 52-week high. Approximately 263,000 shares have changed hands today, as compared to an average 30-day volume of 420,000 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, shares of Cabot Corporation have traded between a low of $47.59 and a high of $78.62 and is now at $76.84, which is 61% above that low price.
Potential upside of 93.7% exists for Cabot Corporation, based on a current level of $76.84 and analysts’ average consensus price target of $148.86.
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