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111.77
0.85%
0.94
After Hours:
111.84
0.07
+0.06%
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Why is Cabot Corp (CBT) Stock down?
We've noticed a 6.93% decline in Cabot Corp (CBT) stock during the 2024-08-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
16 Jun, 2023:
CBT'S stock fell 8.13% because JPMorgan analyst has downgraded the company to Neutral from Overweight. The analyst believes there may be better opportunities to purchase CBT shares at more favorable prices in the coming months. The firm also mentions that under recessionary conditions, there is a potential for significant contraction in carbon black demand as tire customers reduce their inventories.
https://finance.yahoo.com/news/analysts-downgrading-10-stocks-180314126.html
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