Chemicals Stocks Under Review -- Dow Chemical, Huntsman, Univar, and FMC Corp.
NEW YORK, March 1, 2017 /PRNewswire/ --
Stock-Callers.com today monitors the performances of four major players in the Diversified Chemicals space: The Dow Chemical Co. (NYSE: DOW), Huntsman Corp. (NYSE: HUN), Univar Inc. (NYSE: UNVR), and FMC Corp. (NYSE: FMC). Companies in this industry are significantly engaged in at least two of the following industries: Commodity Chemicals, Agricultural Chemicals, and Specialty Chemicals. Learn more about these stocks by downloading their free research reports in PDF format at:
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Dow Chemical
On Tuesday, shares in Michigan-based The Dow Chemical Co. recorded a trading volume of 7.28 million shares, which was above their three months average volume of 6.49 million shares. The stock ended at $62.26, declining 1.03% from the last trading session. The Company's shares have gained 1.55% in the last one month, 15.82% over the previous three months, and 8.81% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.86% and 15.26%, respectively. Furthermore, 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 58.85.
On February 21st, 2017, Dow AgroSciences LLC, a subsidiary of The Dow Chemical Company, and MS Technologies, LLC, announced the receipt of a significant patent covering soybean plants and seeds containing the innovative Enlist E3™ event. As per the official press release, the US Patent No. 9,540,655 acknowledges the proprietary work done to develop new soybean products tolerant to three herbicides' modes of action, providing farmers significantly improved cropping systems to address resistant and hard-to-control weeds. The ability to combine multiple herbicide tolerance genes of interest in a single location in high-performing soybean genetics ultimately benefits farmers through bringing forward improved products like Enlist E3 soybeans. Sign up and read the free research report on DOW at:
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Huntsman
Texas headquartered Huntsman Corp.'s stock finished yesterday's session 1.99% higher at $22.60. A total volume of 3.30 million shares was traded, which was above their three months average volume of 2.40 million shares. The Company's shares have gained 7.21% in the last one month, 17.72% over the previous three months, and 18.45% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.76% and 31.53%, respectively. Furthermore, shares of Huntsman, which through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic and inorganic chemical products worldwide, have an RSI of 63.36.
On February 16th, 2017, Huntsman announced that it has received a Private Letter Ruling from the IRS allowing it to retain a 40% economic interest in the tax-free spin-off of Venator Materials Corporation. Huntsman will also hold an accompanying 19.9% voting interest in Venator. The complimentary research report on HUN can be downloaded at:
http://stock-callers.com/registration/?symbol=HUN
Univar
At the close of trading on Tuesday, shares in Illinois headquartered Univar Inc. saw a slight decline of 0.49%, ending the day at $32.20. The stock recorded a trading volume of 974,101 shares. The Company's shares have advanced 5.71% in the last one month, 28.65% over the previous three months, and 13.50% since the start of this year. The stock is trading 11.32% above its 50-day moving average and 41.57% above its 200-day moving average. Moreover, shares of Univar, which distributes commodity and specialty chemical products, and related services worldwide, have an RSI of 73.84.
On February 22nd, 2016, Univar reported a net loss of $59.2 million, or ($0.43) per share for Q4 2016, impacted by a pre-tax $67.3 million loss for a non-cash pension mark-to-market adjustment, net of curtailment, and a $47.3 million, or ($0.35) per share loss for a non-cash revaluation of deferred taxes resulting from a December 07th, 2016, change in US tax law impacting branches outside the US. The Company posted Q4 2016 adjusted EBITDA of $134.5 million, which was $4.9 million higher than the $129.6 million reported in Q4 2015. Register for free on Stock-Callers.com and access the latest report on UNVR at:
http://stock-callers.com/registration/?symbol=UNVR
FMC Corp.
Philadelphia, Pennsylvania headquartered FMC Corp.'s stock ended the day 0.02% lower at $57.62 with a total trading volume of 1.04 million shares. The Company's shares have gained 4.86% over the previous three months and 1.87% on an YTD basis. The stock is trading 12.73% above its 200-day moving average. Additionally, shares of FMC, which provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide, have an RSI of 44.08.
On February 23rd, 2017, research firm RBC Capital Markets initiated an 'Outperform' rating on the Company's stock, with a target price of $71 per share.
On February 28th, 2017, FMC's Board of Directors declared a regular quarterly dividend of $0.165 per share, payable on April 20th, 2017, to shareholders of record at the close of business on March 31st, 2017. Get free access to your research report on FMC at:
http://stock-callers.com/registration/?symbol=FMC
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