Cobalt International Energy, Inc. (CIE) had a light trading with around 10.97M shares changing hands compared to its three month average trading volume of 4.99M. The stock traded between $0.7319 and $0.825 before closing at the price of $0.77 with -5.48% change on the day. The Houston Texas 77024 based company is currently trading -0.57% below its 52 week low of $0.73 and -79.91% below its 52 week high of $3.81. Both the RSI indicator and target price of 26.62 and $2.69 respectively, lead us to believe that it could rise over the coming weeks.
Cobalt International Energy, Inc., through its subsidiaries, operates as an oil and gas exploration and production company primarily in the deepwater U.S. Gulf of Mexico. The company holds interests in the North Platte, Shenandoah, Anchor, and Heidelberg fields located in the U.S. Gulf of Mexico; and the Diaba block located offshore Gabon. As of December 31, 2015, it had net proved undeveloped reserves of 5.6 million barrels (MMBbls) of oil; 0.3 MMBbls of natural gas liquids; and 1.8 billion cubic feet of natural gas. The company was founded in 2005 and is based in Houston, Texas.
Xerox Corporation (XRX) failed to extend gains with the stock declining -0.55% or $-0.04 to close the day at $7.26 on light trading volume of 10.67M shares, compared to its three month average trading volume of 13.64M. The Norwalk Connecticut 06856 based company has been outperforming the information technology services group over the past 52 weeks, with the stock gaining 29.81%, compared to the industry which has advanced 39.61% over the same period. With RSI of 63.19, the stock should still continue to rise and get closer to its one year target estimate of $8.44, making it a hold for now.
Xerox Corporation provides business process and document management solutions worldwide. Its Services segment offers business process outsourcing services, such as customer care, transaction processing, finance and accounting, human resources, communication and marketing, and consulting and analytics services, as well as services in the areas of healthcare, transportation, financial services, retail, and telecommunications areas. This segment also provides document outsourcing services comprising managed print services, including workflow automation and centralized print services. The company’s Document Technology segment offers desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises. Its Other segment sells paper, wide-format systems, global imaging systems network integration solutions, and electronic presentation systems. The company sells its products and services directly to its customers; and through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut.
The Chemours Company (CC) shares were up in last trading by 14.26% to $32.14. It experienced higher than average volume on day. The stock increased in value by almost 15.49% over the past week and grew 31.94% in the past month. It is currently trading 29.64% above its 50 day moving average and 104.81% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a 13.25% increase in value from its one year high of $32.78. The RSI indicator value of 80.29, lead us to believe that it may reverse gains in the near term.
The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates in three segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions. The Titanium Technologies segment produces and sells titanium dioxide (TiO2) under the Ti-Pure brand name to deliver whiteness, brightness, opacity, and protection in various applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, PVC window profiles, laminate papers, coated paper, and coated paperboard used for packaging. The Fluoroproducts segment provides fluoroproducts, such as hydrofluorocarbon refrigerants, and fluoropolymer resins and downstream products and coatings under the Teflon brand name. The Chemical Solutions segment offers industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers, and other industries in North America. This segment provides cyanides; and performance chemicals and intermediates, such as clean and disinfect chemicals, aniline, methylamines, glycolic acid, Vazo free radical initiators, and reactive metals. The company was founded in 2014 and is headquartered in Wilmington, Delaware.