Company Shares of Methanex Corporation (NASDAQ:MEOH) Drops by -4.24%

Methanex Corporation (NASDAQ:MEOH) : During the past 4 weeks, traders have been relatively bearish on Methanex Corporation (NASDAQ:MEOH), hence the stock is down -17.87% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.45% relative to the S&P 500. The 4-week change in the price of the stock is -16.55% and the stock has fallen -4.24% in the past 1 week.

The company shares have dropped -44.80% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $50.96 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $31.01 and the 200 Day Moving Average price is recorded at $30.92.

The stock has recorded a 20-day Moving Average of 8.63% and the 50-Day Moving Average is 11.49%.


Methanex Corporation (NASDAQ:MEOH): stock turned positive on Friday. Though the stock opened at $27.42, the bulls momentum made the stock top out at $27.78 level for the day. The stock recorded a low of $27.19 and closed the trading day at $27.54, in the green by 1.40%. The total traded volume for the day was 653,857. The stock had closed at $27.16 in the previous days trading.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

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