Pre-Market Technical Pulse on Specialty Chemicals Stocks -- Axalta Coating Systems, LyondellBasell Industries, Platform Specialty Products, and Westlake Chemical
NEW YORK, October 16, 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. Zacks reported that the Chemical industry has so far enjoyed a positive run this year, helped by an upswing in the world economy and continued strength across major end-use markets such as construction, electronics, and automotive. This morning, DailyStockTracker.com turns to four Specialty Chemicals stocks to see how they have fared at the close of the last trading session: Axalta Coating Systems Ltd (NYSE: AXTA), LyondellBasell Industries N.V. (NYSE: LYB), Platform Specialty Products Corp. (NYSE: PAH), and Westlake Chemical Corp. (NYSE: WLK). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
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Axalta Coating Systems
Last Friday, shares in Pennsylvania headquartered Axalta Coating Systems Ltd ended the session 0.07% lower at $28.27. The stock recorded a trading volume of 1.94 million shares. The Company's shares have advanced 3.93% on an YTD basis. The stock is trading below its 50-day moving average by 2.78%. 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 37.66.
On October 09th, 2017, Axalta Coating Systems announced that it will host a conference call on October 26th, 2017, at 8:00 a.m. ET to review its Q3 2017 financial results. Charles W. Shaver, Chairman and CEO, and Robert W. Bryant, Executive Vice President and CFO, will review the Company's financial performance for the period. A live webcast of the call will be available on the Company's website.
On October 10th, 2017, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'. AXTA complete research report is just a click away at:
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LyondellBasell Industries
UK-based LyondellBasell Industries N.V.'s stock finished 0.15% higher at $97.68 with a total trading volume of 1.47 million shares. The Company's shares have gained 3.44% in the last one month, 14.05% in the previous three months, and 13.87% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.88% and 10.34%, respectively. Moreover, shares of LyondellBasell Industries have an RSI of 56.75.
On October 10th, 2017, research firm HSBC Securities downgraded the Company's stock rating from 'Buy' to 'Hold'.
On October 13th, 2017, LyondellBasell Industries announced that it will release Q3 2017 financial results pre-market on October 27th, 2017. David Kinney, Director, Investor Relations, will host a teleconference at 11:00 a.m. EDT that same day to discuss the results. A webcast of the teleconference will be available on the Company's website. The complimentary report on LYB can be downloaded at:
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Platform Specialty Products
Shares in Florida headquartered Platform Specialty Products Corp. closed the day 1.03% lower at $11.58. The stock recorded a trading volume of 1.71 million shares. The Company's shares have gained 3.67% in the last month and 18.04% since the start of this year. The stock is trading below its 50-day moving average by 2.48%. Moreover, shares of the Company, which produces and sells specialty chemical products in the Americas, Asia/Pacific, and Europe, have an RSI of 49.68.
On September 18th, 2017, research firm SunTrust upgraded the Company's stock rating from 'Hold' to 'Buy'.
On October 03rd, 2017, Platform Specialty Products announced that it successfully completed the repricing of its existing USD B-5 and EUR C-4 term loan tranches, totaling $1.4 billion. These tranches were created in connection with the Company's term loan repricing, which closed on December 06th, 2016. The expected incremental annual interest savings is approximately $14 million, because of this transaction. Sign up for your complimentary report on PAH at:
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Westlake Chemical
Texas headquartered Westlake Chemical Corp.'s shares recorded a trading volume of 774,953 shares last Friday. The stock closed 0.08% lower at $84.42. The Company's shares have advanced 6.66% in the past month, 19.90% in the previous three months, and 50.78% since the start of this year. The stock is trading 9.28% and 25.24% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Westlake Chemical, which manufactures and markets basic chemicals, vinyls, polymers, and building products, have an RSI of 69.21.
On September 19th, 2017, Westlake Chemical announced that it has directed the Louisiana Local Governmental Environmental Facilities and Community Development Authority to optionally redeem in full $250,000,000 aggregate principal amount of the latter's Revenue Bonds (Westlake Chemical Corporation Projects), Series 2007 (the "GO Zone Bonds") on November 01st, 2017, at a redemption price of par, plus accrued and unpaid interest, if any, to the redemption date.
On October 10th, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $78 a share to $92 a share. Sign up for your free report on WLK at:
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