Why Chemours Stock Crashed 37% This Morning
Chemours(CC) The Motley Fool·2024-02-29 17:07Shares of chemicals company Chemours (CC -33.08%) tumbled 37.3% through 11:10 a.m. ET on Thursday after announcing it will need to postpone the release of its Q4 and full-year financial results for 2023 -- and that it is replacing its CEO, its CFO, and its controller as well. In the meantime, as investors await its final and official results, management released preliminary estimates showing that sales probably fell 12% in 2023 and that the company flipped from a 2022 profit to a 2023 loss.Chemours manageme ...