Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Chemours Stock Soared Today

TheMotleyFool 
0 0 07.03.24
Why Chemours Stock Soared Today: https://g.foolcdn.com/editorial/images/768490/calculator-with-financial-statements.jpg
 

Shares of (NYSE: CC) rallied 16.8% today after the chemical company concluded an internal review that's loomed over the business for the past week, finding that that three top executives violated its code of ethics.

Recall Chemours stock plummeted nearly 40% in a single day last Thursday after the company reported preliminary 2023 results and placed its CEO, CFO, and company controller on administrative leave pending the review. The review originally stemmed from an anonymous report made to Chemours' ethics hotline.

In a press release this morning, Chemours said it determined that "there was a lack of transparency" with its board of directors by the three aforementioned executives as it related to the timing of payables and receivables and their effect on certain free-cash-flow targets.

Continue reading


Source Fool.com

Chemours Co Stock

€24.77
0.320%
Chemours Co gained 0.320% compared to yesterday.

Show more
Like: 0
CC
Share

Comments

Not a member yet? Sign up for free!