Today it was reported that the SVP & GC of Cabot Corporation (NYSE: CBT), Brian Berube, exercised options to sell 13,448 CBT shares at $39.54 a share, for a total transaction value of $879.8K.
Following Brian Berube’s last CBT Sell transaction on June 01, 2018, the stock climbed by 3.5%.
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Based on Cabot Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $854 million and quarterly net profit of $88 million. In comparison, last year the company earned revenue of $705 million and had a net profit of $45 million. Currently, Cabot Corporation has an average volume of 88.58K.
The insider sentiment on Cabot Corporation has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Cabot Corp. engages in the provision of specialty chemicals and performance materials. It operates through the following segments: Reinforcement Materials, Performance Chemicals, Purification Solutions, and Specialty Fluids. The Reinforcement Materials segment involves the rubber blacks and elastomer composites product lines.
