June 07, 2013 at 10:55 AM EDT
Pre-Market Analysis on RTK, ASH, EMN, and GEVO
StockCall.com Provides Stock Research on Rentech Inc., Ashland Inc., Eastman Chemical Co., and Gevo Inc.
New York City, New York -- (June 07, 2013)
The U.S. chemical industry faced significant challenges in 2012 due to economic uncertainty. While the fiscal cliff issue created a great deal of uncertainty in the U.S., the recession in the Eurozone hurt demand for chemical products from the region. The industry was also impacted by a slowdown in China. However, the outlook for chemical industry has improved significantly since the start of this year, especially in the U.S. On Thursday, June 6, 2013, shares in chemical companies ended mostly higher, tracking gains in the broader market. The major movers in the sector wereRentech Inc. (AMEX: RTK), Ashland Inc. (NYSE: ASH), Eastman Chemical Co. (NYSE: EMN), and Gevo Inc. (NASDAQ: GEVO). StockCall has posted free technicalresearch on RTK, ASH, EMN, and GEVO which can be downloaded upon sign up at
Rentech Inc.’s stock ended 0.91% higher yesterday at $2.22 on volume turnover of 1.611 million shares traded. Despite the wider market swaying sideways during the past five trading sessions, the company’s share price remained flat. The stock has declined 12.94% so far this year. During Thursday’s session, the stock traded between $2.14 and $2.23 while its 52 weeks trading range stands at $1.60 and $3.18. Rentech commands market capitalization of $501.48 million. Its stock is highly volatile as implied by its beta of 2.70. The stock gained 28.32% in the past 52 weeks, and it is currently trading in-line with its short-term moving average price of $2.22. RTK’s long-term moving average price of $2.18. Sign up and read the complimentary report on RTK at
Shares in Ashland Inc. showed a mild 0.08% gain on Thursday, closing at $85.65. A total of 933,689 shares were traded during the session while its average daily trading volume stands at 1.287 million. The stock oscillated between $84.48 and $86.40 yesterday, whilst in the past 52 weeks, it has traded in the range of $60.57 and $91.11. Over the past five trading days, the stock lost 3.51% while the markets wavered. So far this year, the share has climbed 8.34%. Ashland’s shares have high volatility with a beta of 2.72. What’s more, the company commands market capitalization of $6.77 billion. The free report on ASH can be downloaded by signing up now at
Eastman Chemical Co.’s stock ended 1.02% higher in its most recent session, finishing at $69.63 with a total of 1.546 million shares traded. The stock’s usual trading volume stands at 1.639 million shares. In the past 52 weeks, the stock traded between $45.43 and $75.18. Eastman Chemical commands market capitalization of $10.78 billion. Its stock is currently moving above its short-term and long-term moving average price of $69.43 and $69.36 respectively. EMN’s stock trades at beta of 2.02 which is indicative of very high volatility. The stock is up 59.67% in the past 52 weeks. Free report on EMN can be accessed by registering at
Shares in Gevo Inc. moved up on Thursday, following the trend shown by the broader market. The stock hit an intraday of $1.67, before finishing the day 1.23% higher at $1.65. So far this year, the share has grown more than 6%, underperforming the S&P 500. The company’s stock currently trades below both their 20- and 50-day moving average price of $1.73 and $1.85 respectively. Gevo saw a turnover of 200,940 shares during yesterday’s session. Its beta of 4.2 implies very high volatility. The stock traded in the range of $1.36 and $9.44 in the past 52 weeks. Moreover, Gevo commands market capitalization of $72.73 million.Register withStockCall and download the research on GEVO for free at
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William T. Knight
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