NEW YORK, March 8, 2017 /PRNewswire/ --
Today, Stock-Callers.com dedicates attention to four major players in the Diversified Chemicals space, and they are: Gevo Inc. (NASDAQ: GEVO), Celanese Corp. (NYSE: CE), Ashland Global Holdings Inc. (NYSE: ASH), and Braskem S.A. (NYSE: BAK). According to the latest monthly report from the American Chemistry Council, the global Chemical industry got off to a positive start in 2017, with the Global Chemical Production Regional Index rising 0.6% in January on a monthly comparison basis. Gains in production were witnessed across North America (up 0.4%), Western Europe (up 1.2%), Central and Eastern Europe (up 1.7%), and Asia/Pacific (up 0.6%) in January. Learn more about these stocks by downloading their free research reports in PDF format at:
On Tuesday, shares in Englewood, Colorado headquartered Gevo Inc. recorded a trading volume of 811,744 shares. The stock ended the day at $1.00, jumping 5.26% from the last trading session. The Company's shares are trading below their 50-day moving average by 63.81%. Furthermore, 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 24.16.
On March 06th, 2017, Gevo announced that The Digest, the world's most widely-read bioeconomy daily, awarded the Company the #10 ranking in its 2017 edition of the "50 Hottest Companies in the Advanced Bioeconomy". The annual rankings, which recognize innovation and achievement in fuels and integrated biorefinery development, are based on votes from an invited panel of distinguished international selectors and subscribers of The Digest. Sign up and read the free research report on GEVO at:
Irving, Texas headquartered Celanese Corp.'s stock rose 0.07%, finishing yesterday's session at $90.23 with a total trading volume of 756,044 shares. The Company's shares have gained 4.63% in the last month, 14.53% over the previous three months, and 15.06% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.26% and 23.73%, respectively. Additionally, shares of Celanese, which manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide, have an RSI of 63.87.
On February 17th, 2017, research firm Robert W. Baird initiated an 'Outperform' rating on the Company's stock, with a target price of $105 per share.
On March 07th, 2017, Celanese announced that it will increase list and off-list selling prices for vinyl acetate monomer (VAM) in Asia in view of recent market conditions. The price increases will be effective immediately, or as contracts otherwise allow. The VAM will be sold for 200 RMB/MT in China and $100/MT in Asia outside China. The complimentary research report on CE can be downloaded at:
Shares in Covington, Kentucky headquartered Ashland Global Holdings Inc. ended the session 0.88% lower at $119.25. The stock recorded a trading volume of 480,934 shares. The Company's shares have gained 0.79% in the last one month, 8.61% over the previous three months, and 9.46% on an YTD basis. The stock is trading 3.27% above its 50-day moving average and 4.25% above its 200-day moving average. Moreover, shares of Ashland Global Holdings, which provides specialty chemical solutions worldwide, have an RSI of 49.63.
On February 21st, 2017, Ashland Global announced a consolidation of executive roles as part of its ongoing plan to drive profitable growth as a pure-play specialty chemicals Company following the planned final separation of Valvoline Inc. this spring. Under the consolidation, two executive positions have been eliminated in order to improve execution of strategic priorities, streamline decision making and reflect Ashland`s leaner organization structure. The roles and responsibilities of Luis Fernandez-Moreno, Senior Vice President and President of Chemicals Group, and Greg Elliott, Vice President and Chief Human Resources and Communications Officer, have been consolidated under other members of Ashland`s executive leadership team. Register for free on Stock-Callers.com and access the latest report on ASH at:
At the closing bell on Tuesday, Sao Paulo, Brazil headquartered Braskem S.A.'s stock dropped 2.12%, finishing at $19.88. A total volume of 648,373 shares was traded, which was above their three months average volume of 508,750 shares. The Company's shares have gained 0.10% in the last month and 12.51% over the previous three months. The stock is trading 25.71% above its 200-day moving average. Additionally, shares of Braskem, which together with its subsidiaries, produces and sells thermoplastic resins, have an RSI of 36.12.
On February 22nd, 2017, Braskem announced its non-audited preliminary results for full year 2016. The Company posted full year 2016 EBITDA in both Brazilian real and US dollar, of R$11,508 million and US$3,312 million. In Q4 2016, EBITDA in both Brazilian real and US dollar, was R$2,385 million and US$729 million, respectively. Get free access to your research report on BAK at:
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