Chemicals Stocks Under Review -- Dow Chemical, Huntsman, FMC Corp., and Univar
NEW YORK, April 6, 2017 /PRNewswire/ --
Stock-Callers.com takes note of the current performances of the following Major Diversified Chemicals stocks for today: The Dow Chemical Co. (NYSE: DOW), Huntsman Corp. (NYSE: HUN), FMC Corp. (NYSE: FMC), and Univar Inc. (NYSE: UNVR). According to a Zacks' report, the outlook for the US chemical industry paints an encouraging picture, as it remains on course for strong growth this year and the next despite several challenges including a strong dollar, soft export markets, and a low oil-price environment. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Dow Chemical
On Wednesday, shares in Michigan-based The Dow Chemical Co. recorded a trading volume of 6.29 million shares, which was higher than their three months average volume of 6.22 million shares. The stock ended the day at $63.52, up 0.51% from the last trading session. The Company's shares have advanced 1.30% in the past month, 10.18% in the previous three months, and 11.80% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.45% and 14.89%, respectively. Furthermore, shares of Dow Chemical, which manufactures and supplies products that are used as raw materials in the manufacture of customer's products and services worldwide, have a Relative Strength Index (RSI) of 54.55.
On March 06th, 2017, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'.
On March 28th, 2017, Dow Chemical announced the completion of the construction phase of its new, world-scale ethylene production facility in Freeport, Texas. The Company reached this milestone within one week of the originally planned date, which was set approximately two years ago. Dow's ethylene unit is now progressing through the commissioning phase, with start-up expected by mid-year. Sign up and read the free research report on DOW at:
http://stock-callers.com/registration/?symbol=DOW
Huntsman
Texas headquartered Huntsman Corp.'s stock saw a drop of 1.49%, finishing yesterday's session at $24.45. A total volume of 3.03 million shares was traded, which was above their three months average volume of 2.81 million shares. The Company's shares have gained 9.93% in the last month, 24.76% over the previous three months, and 28.88% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 10.92% and 34.64%, respectively. Shares of Huntsman, which through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic and inorganic chemical products worldwide, have an RSI of 62.98.
On March 27th, 2017, Huntsman announced that positive trends during Q1 2017 are strengthening its business. Based on current market conditions, the Company expects Q1 2017 adjusted EBITDA to exceed the $274 million of adjusted EBITDA during the same quarter in 2016. Huntsman also sees continued strength in its MDI urethanes business, specifically in Asia/Pacific region.
On April 03rd, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary research report on HUN can be downloaded at:
http://stock-callers.com/registration/?symbol=HUN
FMC Corp.
Shares in Pennsylvania headquartered FMC Corp. ended the session 0.66% higher at $71.85. The stock recorded a trading volume of 2.14 million shares, which was above its three months average volume of 1.51 million shares. The Company's shares have gained 21.92% in the last one month, 23.76% over the previous three months, and 27.37% on an YTD basis. The stock is trading 19.39% above its 50-day moving average and 36.15% above its 200-day moving average. Shares of FMC, which provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide, have an RSI of 82.82.
On March 31st, 2017, FMC Corp. announced the signing of a definitive agreement for the Company to acquire the portion of DuPont's Crop Protection business it must divest to comply with the European Commission ruling related to its merger with The Dow Chemical Company. In 2017, FMC expects this acquired business will generate approximately $1.5 billion in revenue and $475 million of EBITDA.
On April 03rd, 2017, research firm Susquehanna upgraded the Company's stock rating from 'Neutral' to 'Positive'. Register for free on Stock-Callers.com and access the latest report on FMC at:
http://stock-callers.com/registration/?symbol=FMC
Univar
At the closing bell on Wednesday, Illinois headquartered Univar Inc.'s stock declined 1.83%, finishing at $29.47. A total volume of 530,660 shares was traded. The Company's shares have gained 4.47% over the previous three months and 3.88% on an YTD basis. Shares of Univar, which distributes commodity and specialty chemical products, and related services worldwide, are trading 21.12% above its 200-day moving average.
On March 17th, 2017, Univar has named Ian Gresham as Chief Marketing Officer. Mr. Gresham brings more than 15 years of strategic sales and marketing experience within the manufacturing sector. He most recently served as senior vice president of marketing for the Diversified Brands Division of the Sherwin-Williams Company. Get free access to your research report on UNVR at:
http://stock-callers.com/registration/?symbol=UNVR
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