Cabot's Shares Reach Fresh 52-Week High: What's Driving It?

Cabot Corporation's (CBT) shares reached a fresh 52-week high of $110.98 on Sept. 18 before closing at$107.85. CBT's stock has appreciated 55.8% in the past year against the industry's 4.3% fall. Image Source: Zacks Investment Research 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$55 million, driven by higher volumes and a favorable product mix, partic ...