Cabot's Shares Rise 18% in Six Months: What's Driving the Stock?
CBTCabot (CBT) ZACKS·2024-09-05 23:07

Cabot Corporation‘s (CBT) shares have increased 18% in the past six months compared with the industry’s growth of 0.6% and the S&P 500’s appreciation of 7.8% during the same period.Image Source: Zacks Investment ResearchLet’s look at the factors driving the stock’s price movement.What’s Driving Cabot?In the fiscal third quarter, Cabot's Performance Chemicals division posted robust growth, with sales climbing 8.1% year over year to 332million.ThesegmentsEBITsurged72332 million. The segment’s EBIT surged 72% to 55 million, driven by higher ...