Why These 2 Hot Chemical Companies Cooled Off Suddenly in November
Shares of chemical companies Chemours (NYSE: CC) and Tronox (NYSE: TROX) experienced sudden drops in November, with Chemours ending the month down 9.2% and Tronox down 13.5%.
Tronox and Chemours are both major purveyors of pigment and food additive titanium dioxide (TiO2). Other TiO2 companies like Kronos Worldwide (NYSE: KRO) and Huntsman (NYSE: HUN) were unaffected, with Kronos having a particularly good month, up 6.1%.
After months of outperformance, the stock market put shares of Chemours and Tronox on ice in November. Image source: Getty Images.
Source: Fool.com
