President & CEO of Carbon Black Inc (30-Year Financial, Insider Trades) Patrick Morley (insider trades) sold 79,380 shares of CBLK on 07/26/2019 at an average price of $19 a share. The total sale was $1.5 million.
Carbon Black Inc has a market cap of $1.36 billion; its shares were traded at around $19.00 with and P/S ratio of 5.31.
Read the source article at Value Investing
Milan, Italy – Major shareholders in Pirelli & C. SpA have agreed to maintain the tire company’s ownership structure until 2023, they announced 30 July.
Shareholders are to sign an agreement 1 Aug to keep the shareholder structure which has been in place since August 2017, said Camfin and Marco Tronchetti Provera (Camfin/MTP) in a release.
Read the source article at European Rubber Journal
BOSTON–(BUSINESS WIRE)–May 6, 2019– Cabot Corporation (NYSE: CBT) today announced results for its second quarter of fiscal year 2019.
- Positive impact from calendar year 2019 tire customer agreements more than offset by pricing weakness in China in Reinforcement Materials
- Performance Chemicals impacted by soft automotive demand and a less favorable product mix
- Announced agreement to divest Specialty Fluids segment in transaction valued at $135 million
- Continued commitment to return cash to shareholders with $70 million of dividends and share repurchases in the quarter
Read the source article at Markets data
ATLANTA — Combining two legacy brands, such as Goodyear and Bridgestone, into a cohesive joint operation is a challenge that requires collaboration and logistics.
Read the source article at Tire Business
South Korea’s second-largest tyre manufacturer, after Hankook Tire, said the reason for delisting its 76,034 shares traded on the LSE was to cut costs as financial losses continued to accumulate last year. The move would leave Seoul as the only market where its shares will be openly traded.
Kumho reported an operating loss of KRW89.9 billion (US$79 million) in 2018, with the fourth quarter marking the eighth consecutive quarter of financial losses for the company. Weak performance in the replacement market was given as the main reason for the losses.
Read the source article at Tyrepress
Shares in Michelin, which also reported better-than-expected results for 2018 late on Monday, were up 7.5 percent in early session trading. The stock was the best performer on France’s benchmark CAC-40 index.
“Michelin is able to sustain premium price points, while concurrently gaining market share – this is the perfect recipe for earnings growth,” analysts at Citigroup wrote in a note, keeping a “buy” rating on Michelin shares.
Read the source article at Stock Market Quotes and News
Continental AG (OTCPK:CTTAF) is a high-quality German automotive manufacturing company specializing in tires and non-tire rubber products, auto parts, and future automotive technologies like autonomous driving and electric vehicle ecosystems. A confluence of factors, involving tariff threats from Trump, a cyclical slowdown in China, and production bottlenecks from EU emission regulations, has caused the stock to fall by almost 50%. The stock is now very cheap compared to its trading history, but the U.S. tariff threat looms large on the horizon. This article makes the argument for a speculative buy, where large gains could be made if U.S. tariffs don’t eventuate.
Read the source article at Stock Market Insights
The Board of Management of specialty chemicals company LANXESS decided to make use of the authorization granted by the stockholders’ meeting on May 20, 2016 and to acquire own shares of up to EUR 200 million (excluding incidental costs) via the stock exchange. On the basis of the current share price (status: January 9, 2019), this would amount to around 4.9% of the share capital and would correspond to a number of approximately 4.5 million own shares, LANXESS says in a Press release.
Read the source article at Rubber Asia
Shares of Goodyear Tire & Rubber (NASDAQ: GT) fell nearly 12% last month, according to data from S&P Global Market Intelligence . The global tire manufacturer owns a portfolio of 47 manufacturing facilities in 21 countries, but that planet-spanning diversification has turned into more of a liability in recent years.
Read the source article at finance.yahoo.com
QUINCY, Ill.—An affiliate of Russian Direct Investment Fund, one of three shareholders of Voltyre-Prom, has notified Titan International it is exercising a put option on its share in the Russian tire maker, which could be worth up to $76.2 million.
Read the source article at Rubber and Plastics News