Breakfast Technical Briefing on Specialty Chemicals Stocks -- Amyris, LyondellBasell Industries, Platform Specialty Products, and Axalta Coating Systems
NEW YORK, June 23, 2017 /PRNewswire/ --
If you want a Stock Review on AMRS, LYB, PAH or AXTA then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com shifts focus on Amyris Inc. (NASDAQ: AMRS), LyondellBasell Industries N.V. (NYSE: LYB), Platform Specialty Products Corp. (NYSE: PAH), and Axalta Coating Systems Ltd (NYSE: AXTA). These companies are part of the Specialty Chemical space, which, historically, has turned in very respectable operating and net profit margins in the teens and high, single-digits, respectively. Though this industry is mature, member companies, some more than others, are subject to swings in the macroeconomic cycle. Daily Stock Tracker published free research reports on these stocks today at:
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Amyris
Emeryville, California headquartered Amyris Inc.'s shares skyrocketed 21.40%, closing Thursday's trading session at $3.29. The stock recorded a trading volume of 320,358 shares, which was above its three months average volume of 281,250 shares. The Company's shares are trading 39.86% below their 50-day moving average. Additionally, shares of Amyris, which provides various alternatives to a range of petroleum-sourced products worldwide, have a Relative Strength Index (RSI) of 37.83.
On June 20th, 2017, Amyris and the Government of Queensland, Australia announced the next step to their plans of developing a leading industrial biotechnology hub in Southeast Asia. Plans call for developing a new production plant with support from local partners to produce the Company's sugarcane-based ingredient called farnesene, which is used in products including cosmetic emollients, fragrances, nutraceuticals, polymers, and lubricants. See our free and comprehensive research report on AMRS at:
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LyondellBasell Industries
On Thursday, shares in London, the UK-based LyondellBasell Industries N.V. recorded a trading volume of 2.00 million shares. The stock rose 0.55%, ending the day at $80.01. The Company's shares are trading below their 50-day moving average by 2.93%. Furthermore, shares of LyondellBasell Industries, which operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers worldwide, have an RSI of 43.57. LYB free research report is just a click away at:
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Platform Specialty Products
West Palm Beach, Florida headquartered Platform Specialty Products Corp.'s stock finished the day 3.83% higher at $12.73. A total volume of 7.75 million shares was traded, which was above their three months average volume of 1.55 million shares. The Company's shares have advanced 0.87% in the previous three months and 29.77% on an YTD basis. The stock is trading above its 200-day moving average by 15.62%. Additionally, shares of Platform Specialty Products, which produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe, have an RSI of 48.43.
On June 05th, 2017, Arysta LifeScience, a Platform Specialty Products company, announced that it has acquired the business assets of Verios Agro Pty Ltd and Veriprod Pty Ltd (collectively, "Verios"). Founded in 2005, Verios is a South African biosolutions provider, specializing in the development and distribution of microbial and micronutrient-based biostimulants and innovative nutrition products for use in agriculture to support crop health and stimulate growth. Sign up for your complimentary report on PAH at:
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Axalta Coating Systems
Shares in Philadelphia, Pennsylvania Axalta Coating Systems Ltd ended yesterday's session 0.19% lower at $32.35. The stock recorded a trading volume of 1.23 million shares. The Company's shares have advanced 2.93% in the last one month, 3.32% over the previous three months, and 18.93% since the start of this year. The stock is trading 1.24% and 11.20% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Axalta Coating Systems, which through its subsidiaries, manufactures, markets, and distributes coatings primarily for the transportation industry, have an RSI of 45.36.
On June 21st, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Underperform'.
On June 21st, 2017, the Company announced that it will partner with Windsor Windows & Doors, a Woodgrain Millwork Co., to feature Windsor as the primary sponsor on the hood of JR Motorsports' No. 9 Axalta Chevrolet race car, driven by William Byron at Iowa Speedway on June 24th, 2017. The No. 9 Axalta Chevrolet will also feature the Company's 2017 Automotive Color of the Year - Gallant Gray. Register for free on DailyStockTracker.com and download the latest research report on AXTA at:
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