Pre-Market Technical Pulse on Specialty Chemicals Stocks -- Axalta Coating Systems, LyondellBasell Industries, Platform Specialty Products, and Westlake Chemical
NEW YORK, July 31, 2017 /PRNewswire/ --
If you want a Stock Review on AXTA, LYB, PAH, or WLK then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Pre-market today, DailyStockTracker.com highlights the performances of Axalta Coating Systems Ltd (NYSE: AXTA), LyondellBasell Industries N.V. (NYSE: LYB), Platform Specialty Products Corp. (NYSE: PAH), and Westlake Chemical Corp. (NYSE: WLK). According to a report on ReportBuyer, the worldwide market for Specialty Chemicals is projected to touch US$1.2 trillion by 2022 from an estimated US$970 billion in 2017. In terms of growth, the most promising segments include Electronic Chemicals, Nutraceutical Ingredients, and Construction Chemicals, among others. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at: http://dailystocktracker.com/register/
Axalta Coating Systems
Last Friday, shares in Philadelphia, Pennsylvania headquartered Axalta Coating Systems Ltd ended the session 0.41% higher at $31.98. The stock recorded a trading volume of 1.76 million shares, which was above its three months average volume of 1.42 million shares. The Company's shares have advanced 1.94% over the previous three months and 17.57% on an YTD basis. The stock is trading above its 200-day moving average by 7.79%. Furthermore, shares of the Company, which through its subsidiaries, manufactures, markets, and distributes coatings primarily for the transportation industry, have a Relative Strength Index (RSI) of 44.39.
On July 18th, 2017, research firm Susquehanna initiated a 'Neutral' rating on the Company's stock, with a target price of $37 per share.
On July 24th, 2017, Axalta Coating Systems announced that it, in collaboration with Euro Façade, Superb Aluminium, and Mulia Group, will supply its Alesta® powder coatings for The Exchange 106 tower in Kuala Lumpur. With its completion scheduled for 2018, the impressive skyscraper will be the tallest building in Malaysia, transforming the city's International Financial District. AXTA complete research report is just a click away at: http://dailystocktracker.com/registration/?symbol=AXTA
LyondellBasell Industries
London, the UK-based LyondellBasell Industries N.V.'s stock finished 3.88% higher at $89.89. A total volume of 3.98 million shares was traded, which was above their three months average volume of 2.76 million shares. The Company's shares have gained 7.27% in the last one month, 6.05% in the previous three months, and 4.79% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.80% and 4.34%, respectively. Moreover, shares of LyondellBasell have an RSI of 71.17.
On July 21, 2017, LyondellBasell announced the final investment decision to build the world's largest propylene oxide and tertiary butyl alcohol plant in the Houston area. The project is estimated to cost approximately $2.4 billion, representing the single-largest capital investment in the Company's history. At the peak of construction, the project is expected to create up to 2,500 jobs and approximately 160 permanent positions when operational. The complimentary report on LYB can be downloaded at: http://dailystocktracker.com/registration/?symbol=LYB
Platform Specialty Products
Shares in West Palm Beach, Florida headquartered Platform Specialty Products Corp. closed the day 1.04% lower at $13.26. The stock recorded a trading volume of 1.02 million shares. The Company's shares have gained 2.63% in the last month and 35.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.53% and 14.62%, respectively. Moreover, shares of the Company, which produces and sells specialty chemical products in the Americas, Asia/Pacific, and Europe, have an RSI of 56.35.
On July 26th, 2017, Platform Specialty Products announced that it intends to release its Q2 2017 financial results before the markets open on August 09th, 2017. The Company will host a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. ET on the same day. Participants on the call will include Rakesh Sachdev, CEO; John P. Connolly, CFO; and Benjamin Gliklich, Executive Vice President - Operations and Strategy. Sign up for your complimentary report on PAH at: http://dailystocktracker.com/registration/?symbol=PAH
Westlake Chemical
Houston, Texas headquartered Westlake Chemical Corp.'s shares recorded a trading volume of 614,258 shares last Friday. The stock closed 1.28% higher at $71.00. The Company's shares have advanced 8.80% in the past month, 14.06% in the previous three months, and 26.81% since the start of this year. The stock is trading 8.65% and 15.59% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Westlake Chemical have an RSI of 67.05.
On July 20th, 2017, Westlake Chemical announced that it will release its Q2 2017 earnings prior to the market opening on August 03rd, 2017. The Company will host a conference call at 11:00 a.m. ET on the same day to discuss the earnings release. The conference call will be available via webcast, and the earnings release can be obtained on the Company's webpage. Download the research report for free on WLK at: http://dailystocktracker.com/registration/?symbol=WLK
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