DuPont is planning on spinning off its chemical unit. What does that mean for the stock?
DuPont shares hit its all-time high Friday the Dow component announced it was going to spinoff its chemical unit into a publicly-traded company.
Speaking to CNBC's Jim Cramer Thursday, DuPont CEO and board chair Ellen Kullman said:
"This is the next advancement in our transformation, I think it's the right thing to do for our company - it's going to create two strong companies. You know I am out with investors all the time and they have a lot of ideas about we do well and where we could improve, and I am sure there are several of them over the next few weeks that will say this was their idea."
DuPont is already up 37% this year but does it have more to go?
On CNBC's Street Signs Talking Numbers segment, JC O'Hara, Chief Market Technician at FBN Securities, looks at the technicals. On the fundamentals is Frank Mitsch, senior analyst at Wells Fargo, who covers the name.
To see O'Hara and Mitsch analyze what's next for DuPont, watch the video above.
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