NEW YORK, July 20, 2016 /PRNewswire/ --
After a rough 2015, operators in the Diversified Chemicals
industry are now in a better position to combat significant
challenges such as unfavorable economic conditions and erratic
demands. Today, Stock-Callers.com takes a look at four major
companies within this space to see how they have performed in
recent weeks. Under review are Gevo Inc. (NASDAQ: GEVO), The Dow
Chemical Co. (NYSE: DOW), Huntsman Corp. (NYSE: HUN), and FMC Corp.
(NYSE: FMC). Sign up today and access our notes for free at:
http://stock-callers.com/registration
Gevo
Englewood, Colorado
headquartered renewable chemicals and biofuels company, Gevo Inc.'s
shares saw a decline of 1.57% and finished Tuesday's trading
session at $0.55. A total volume of
2.34 million shares was traded. In the previous three months, the
stock has skyrocketed 102.33%. The Company's shares are trading
above their 50-day moving average by 14.55%. Moreover, shares of
Gevo, which focuses on the development and commercialization of
alternatives to petroleum-based products based on isobutanol
produced from renewable feedstocks, have a Relative Strength Index
(RSI) of 51.92.
On June 16th, 2016,
Gevo announced that it has entered into an agreement with
Houston, Texas, headquartered
Musket Corp. to supply isobutanol for blending with gasoline.
Musket is a national fuel distributor under the umbrella of
privately held Love's Family of Companies. Initial target markets
are expected to include the marine and off-road markets in
Arizona, Nevada, and Utah. Sign up and read the free notes on GEVO
at:
http://stock-callers.com/registration/?symbol=GEVO
Dow Chemical
On Tuesday, shares in The Dow Chemical Co. recorded a trading
volume of 3.33 million shares, and ended the session 0.46% lower at
$52.36. The stock has gained 3.58%
since the start of this year. The Company's shares are trading
2.24% and 6.39% above their 50-day and 200-day moving averages,
respectively. Furthermore, shares of The Dow Chemical, which
manufactures and supplies products that are used primarily as raw
materials in the manufacture of customer products and services
globally, have an RSI of 60.59.
On July 06th, 2016,
research firm Credit Agricole downgraded the Company's stock rating
from 'Outperform' to 'Underperform'.
On July 08th, 2016, Dow
Chemical announced that MEGlobal, a wholly-owned subsidiary of
EQUATE Petrochemical Company, has designated Dow METEOR™ Ethylene
Oxide/Ethylene Glycol (EO/EG) Process Technology and METEOR™
EO-RETRO Catalyst to construct its monoethylene glycol (MEG)
production facility on the U.S. Gulf Coast, its first manufacturing
unit in the U.S. Dow's METEOR™ Technology combines a high activity
and high selectivity catalyst with a streamlined process design
that results in lower capital and energy cost, high raw material
efficiency, excellent operational reliability, and inherent safety
and environmental features. Dow has licensed METEOR™ Technology for
plants around the world with capacities to produce approximately
4.5 million metric tons per year of ethylene oxide equivalents. The
complimentary notes on DOW can be accessed at:
http://stock-callers.com/registration/?symbol=DOW
Huntsman
Shares in The Woodlands, Texas
headquartered, Huntsman Corp., closed the day at $15.53, down 1.40%. The stock recorded a trading
volume of 1.92 million shares. The Company's shares have gained
5.63% in the previous three months and 39.14% on an YTD basis. The
stock is trading 5.50% above its 50-day moving average and 26.74%
above its 200-day moving average. Additionally, shares of Huntsman,
which together with its subsidiaries, manufacture and sell
differentiated organic and inorganic chemical products worldwide,
have an RSI of 59.69.
On July 06th, 2016,
Huntsman announced plans to close its 25,000 metric ton TiO2
manufacturing facility based in Umbogintwini, South Africa during the fourth quarter 2016.
Closure of the facility will have a cash pay-back of less than two
years. Cost savings from this closure are in addition to the
approximately $200 million previously
announced. Register for free on Stock-Callers.com and access the
latest notes on HUN at:
http://stock-callers.com/registration/?symbol=HUN
FMC Corp.
At the closing bell yesterday, shares in Philadelphia, Pennsylvania headquartered
diversified chemical company, FMC Corp., ended 1.14% lower at
$48.42 and with a total volume of
1.18 million shares traded. The stock has advanced 0.66% in the
last one month, 16.26% in the previous three months, and 24.73%
since the start of this year. The Company's shares are trading
above their 50-day and 200-day moving averages by 2.43% and 18.73%,
respectively. Furthermore, shares of FMC, which provides solutions,
applications, and products for the agricultural, consumer, and
industrial markets worldwide, have an RSI of 57.19.
On June 21st, 2016, FMC
was recognized by the American Chemistry Council with the 2016
Responsible Care® "Initiative of the Year" Award. The award
recognizes FMC's implementation of its new "Process Hazard Level
Screening Tool," which is used to identify, analyze and rank
process safety hazards across the company globally. Get free access
to your notes on FMC at:
http://stock-callers.com/registration/?symbol=FMC
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