Levi & Korsinsky notifies investors that it has commenced an investigation into The Chemours Company (NYSE: CC) concerning potential violations of the federal securities laws.
Chemours issued a press release on August 1, 2024, reporting its financial results for the second quarter of 2024. Among other items, Chemours reported non-GAAP earnings per share of $0.38, missing consensus estimates by $0.20. The Company advised that it "anticipates a low to mid-single digit sequential decline in Net Sales for the third quarter," citing "[r]esidual impacts from Q2 unplanned downtime at our Altamira, Mexico manufacturing site" in its Titanium Technologies segment; "[r]efrigerant seasonality paired with weaker Freon™ Refrigerants pricing in its Thermal & Specialized Solutions segment; and "[a] continued modest recovery in" its Advanced Performance Materials segment. Following this news, Chemours's stock price dropped over 11% on August 2, 2024.
If you suffered a loss on your The Chemours Company securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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