Midland, Michigan headquartered The Dow Chemical Co.'s stock finished Thursday's session 1.07% lower at $57.09 with a total trading volume of 4.08 million shares. The Company's shares have advanced 7.17% in the previous three months. The stock is trading 1.90% above its 50-day moving average and 8.41% above its 200-day moving average. Additionally, shares of Dow Chemical, which manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide, have a Relative Strength Index (RSI) of 49.25.
As per a SEC filing dated January 06th, 2017, Dow Chemical's board of directors adopted resolutions approving an amendment to the Company's Restated Certificate of Incorporation by way of a certificate of elimination for its Cumulative Convertible Perpetual Preferred Stock, Series A, par value $1.00 per share contingent upon the conversion of all such Series A Preferred Stock into shares of the Company's common stock. As per a previous disclosure by the company, all shares of the Series A Preferred Stock have been converted into shares of the Company's common stock effective December 30th 2016. On January 06th, 2017, the Company filed the Certificate of Elimination with the Secretary of State of the State of Delaware, which is the effective date of the amendment. Sign up and read the free research report on DOW at:
On Thursday, shares in Englewood, Colorado headquartered Gevo Inc. recorded a trading volume of 528,702 shares. The stock ended the session 5.87% lower at $3.53. The Company's shares have advanced 3.82% on an YTD basis. The stock is trading 34.04% below its 50-day moving average. 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 an RSI of 35.05.
On January 13th, 2017, research firm Rodman & Renshaw reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $4 a share to $12 a share.
On January 17th, 2017, Gevo announced that the US Environmental Protection Agency ("EPA") has approved the pathway for isobutanol produced at Gevo's Luverne, MN plant to be an advanced biofuel under the Renewable Fuel Standard Program. The Company stated that this is the first time that the EPA has approved a pathway for an advanced biofuel that uses starch from feed corn to produce an alcohol. The complimentary research report on GEVO can be downloaded at:
Shares in The Woodlands, Texas headquartered Huntsman Corp. closed the day 2.24% lower at $19.66. The stock recorded a trading volume of 1.41 million shares. The Company's shares have gained 25.38% in the previous three months and 3.04% on an YTD basis. The stock is trading 2.06% and 21.00% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Huntsman, which together with its subsidiaries, manufactures and sells differentiated organic and inorganic chemical products worldwide, have an RSI of 50.79.
On January 17th, 2017, Huntsman announced that it has decided to retain the Textile Effects business and exclude it from its planned Pigments and Additives spin-off. Huntsman also announced that the name of its planned spin-off will be Venator Materials Corporation. Venator shares are expected to trade on the NYSE under the ticker VNTR after the distribution to Huntsman's shareholders, which remains targeted for Q2 2017. Register for free on Stock-Callers.com and access the latest report on HUN at:
At the close, shares in Irving, Texas headquartered Celanese Corp. finished 0.42% lower at $82.21. The stock recorded a trading volume of 864,719 shares, which was above its three months average volume of 848,360 shares. The Company's shares have advanced 0.69% in the last one month, 19.11% over the previous three months, and 4.41% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.14% and 17.06%, respectively. Furthermore, shares of Celanese, which manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide, have an RSI of 55.63. Get free access to your research report on CE at:
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