Dow Chemical Company (The) (NYSE:DOW) has tumbled 0.84% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.06% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.35% and the outperformance has advanced to 2.12% for the last 4 weeks period.
Dow Chemical Company (The) (NYSE:DOW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.21 and $52.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.93, notching a gain of 1.42% for the day. The total traded volume was 8,380,800 . The stock had closed at $52.19 on the previous day.
The company shares have dropped -0.66% from its 1 Year high price. On Dec 9, 2015, the shares registered one year high at $57.10 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $52.11 and the 200 Day Moving Average price is recorded at $49.99.
On the companys insider trading activities, Ruiz Fernando, officer (Corporate VP & Treasurer) of Dow Chemical Co /De/, unloaded 20,000 shares at an average price of $52.35 on November 3, 2015. The total amount of the transaction was worth $1,047,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Citigroup maintains its rating on Dow Chemical Company (The) (NYSE:DOW). As per the latest information, the brokerage house raises the price target to $55 per share from a prior target of $50. The shares have been rated Neutral. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 0.97% of Dow Chemical Company (The) shares according to the proxy statements. Institutional Investors own 70.89% of Dow Chemical Company (The) shares.
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified, manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals and Performance Plastics. The Company serves various industries, such as appliance, automotive, agricultural, building and construction, chemical processing, electronics, furniture, housewares, oil and gas, packaging, paints, coatings and adhesives, personal care, pharmaceutical, processed foods, pulp and paper, textile and carpet, utilities and water treatment.