[ACCESSWIRE]
LONDON, UK / ACCESSWIRE / July 15, 2016 / Active Wall St. announces the list of stocks for today's coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Specialty Chemicals industry. Companies recently under review include Westlake Chemical, Ferro, Sherwin-Williams, and W.R. Grace. See our complete notes on Westlake Chemical at:
http://www.activewallst.com/registration-3/?symbol=WLK
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The Specialty Chemicals segment is a highly fragmented and interlinked industry. Companies in this space continue to be pressured by shifting market conditions, slowing emerging economies, and digital transformation. However, increasing demands and activities are presenting opportunities for growth. Let us see how this is affecting some of the big names in the industry. Register with us now for your free membership and more at: http://www.activewallst.com/register/.
Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.
Westlake Chemical Corp. (NYSE: WLK)
Houston, Texas headquartered Westlake Chemical Corp.'s stock finished Thursday's session 0.53% higher at $45.39 with a total volume of 751,520 shares traded. The Company's shares have advanced 3.99% in the past month. The stock is trading 2.69% above its 50-day moving average. Additionally, shares of Westlake Chemical, which manufactures and markets basic chemicals, vinyls, polymers, and building products, have a Relative Strength Index (RSI) of 58.72.
On June 10, 2016, Westlake Chemical Corp announced that it will acquire and merge with Axiall for $33 per share in an all-cash transaction. The deal is valued at approximately $3.8 billion, including debt and other liabilities. The deal was approved by both companies' boards, and is expected to close by the end of the fourth quarter of this year. The combined entity is expected to bring in revenue of $7.6 billion for the year, and will be the third largest chloralkali producer and the second-largest polyvinyl chloride, or PVC, producer in North America.
Ferro Corp. (NYSE: FOE)
On Thursday, shares in Mayfield Heights, Ohio headquartered Ferro Corp. recorded a trading volume of 428,352 shares. The stock ended the session 0.48% lower at $14.37. The Company's shares have advanced 1.20% in the last one month, 18.08% over the previous three months, and 29.23% since the start of this year. The stock is trading 3.75% above its 50-day moving average and 21.61% above its 200-day moving average. Moreover, shares of Ferro, which together with its subsidiaries, produce specialty materials in the U.S. and globally, have an RSI of 55.87.
On June 02, 2016, Ferro Corp. completed the acquisition of Pinturas Benicarló, S.L. Ferro has acquired 100% of the equity of privately held Benicarló, Spain-based Pinturas for €15.0 million in cash. The acquisition adds new waterborne coatings technology to Ferro's Performance Colors and Glass segment and provides Ferro with an entry into the painted glass container market. Visit us today and access your complimentary notes on FOE at: http://www.activewallst.com/registration-3/?symbol=FOE.
The Sherwin-Williams Co. (NYSE: SHW)
Shares in Cleveland, Ohio headquartered The Sherwin-Williams Co. closed the day 0.21% lower at $306.25. The stock recorded a trading volume of 452,971 shares. The Company's shares have gained 4.83% in the last month, 4.29% in the previous three months, and 18.69% on an YTD basis. The stock is trading 4.65% above its 50-day moving average and 13.05% above its 200-day moving average. Additionally, shares of Sherwin-Williams, which develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, and Asia, have an RSI of 66.48.
On June 29, 2016, The Valspar Corp.'s shareholders approved the company's proposed acquisition by The Sherwin-Williams Co. The transaction is expected to close by the end of Q1 calendar year 2017, and remains subject to regulatory approvals. The note on SHW is available for free at: http://www.activewallst.com/registration-3/?symbol=SHW.
W.R. Grace & Co. (NYSE: GRA)
At the close, shares in Columbia, Maryland headquartered W.R. Grace & Co. finished at $76.07, gaining 0.58%. The stock recorded a trading volume of 319,710 shares. The Company's shares have advanced 0.70% in the last one month and 0.93% over the previous three months. The stock is trading below its 50-day moving average by 0.16%. Furthermore, shares of W.R. Grace & Co., which produces and sells specialty chemicals and materials globally, have an RSI of 54.24.
On July 01, 2016, W. R. Grace & Co. announced that it has completed the acquisition of the assets of the BASF Polyolefin Catalysts business for an undisclosed price. Complimentary note on GRA is accessible at: http://www.activewallst.com/registration-3/?symbol=GRA.
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SOURCE: Active Wall Street
