LyondellBasell Industries NV (LYB) : Traders are bullish on LyondellBasell Industries NV (LYB) as it has outperformed the S&P 500 by a wide margin of 1.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.03% in the last 1 week, and is up 2.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
LyondellBasell Industries N.V. has dropped 0.71% during the last 3-month period . Year-to-Date the stock performance stands at -6.18%. The stock has recorded a 20-day Moving Average of 4.85% and the 50-Day Moving Average is 4.08%.
LyondellBasell Industries NV (NYSE:LYB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.78 and $77.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.87, notching a gain of 2.25% for the day. The total traded volume was 4,193,298 . The stock had closed at $78.11 on the previous day.
Also, Major Brokerage house, Citigroup maintains its ratings on LyondellBasell Industries NV (NYSE:LYB). In the latest research report, Citigroup lowers the target price from $81 per share to $80 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 2, 2016.
LyondellBasell Industries N.V. (LyondellBasell) is a global, independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas), Olefins and Polyolefins-Europe, Asia, International (OandP-EAI), Intermediates and Derivatives (IandD), Refining, and Technology. Its OandP-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefin. Its OandP-EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefin and specialty products, including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol and ethylene oxide. Its Refining segment refines heavy, high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.