Chemours Rebounds From Selloff Sparked by Citron Short Call
- Citron’s Left sees company as ‘bankruptcy waiting to happen’
- Chemours on hook for liabilities in Teflon chemicals lawsuits
Chemours Slides After Being Panned by Citron
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Chemours Co., the titanium-dioxide pigment maker spun off from DuPont Co., staged a late rally to rebound from the biggest drop in almost five months sparked by a Citron Research report calling the company “a bankruptcy waiting to happen.”
The shares closed higher by 0.7 percent at $8.86, rallying from a loss of as much as 15 percent as investors assessed the short seller’s report. A Citigroup Inc. research note suggested it contained nothing factually new.