Cabot's (CBT) Shares Scale 52-week High: What's Driving It?

Cabot Corporation's (CBT) shares reached a fresh 52-week high of $105.30 on Aug 23 before closing at $104.24. In the past year, the stock has appreciated 48.3% against the industry's 6.1% decline in the same period. Image Source: Zacks Investment Research What's Driving Cabot? In the fiscal third quarter, Cabot's Performance Chemicals division posted an impressive 8.1% year-over-year sales growth, reaching $332 million. The segment's EBIT jumped by around 72% to $55 million. The substantial EBIT growth was ...