Cabot's Shares Rise 18% in Six Months: What's Driving the Stock?
Cabot (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 Research Let'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 $332 million. The segment's EBIT surged 72% to $55 million, driven by hig ...