Why Shares of Chemours Plummeted This Week

·2 min read
Why Shares of Chemours Plummeted This Week

While the overall dour sentiment pervading the market is driving the S&P 500 toward a decline of more than 5% this week, investors are especially pessimistic about Chemours (NYSE: CC). As of 2:05 p.m. ET, shares of Chemours are down 20.7% since the market's close last Friday, according to data from S&P Global Market Intelligence. In a press release addressing its 2022 guidance, Chemours stated that it foresees a less profitable year than it had originally expected.