LyondellBasell Industries NV (LYB) has been under a strong bear grip, hence the stock is down -6.75% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.03% in the past 1 week. The stock has risen by 1.52% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.67% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.35% and the 50-Day Moving Average is 1.34%.
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 $77.97 and $77.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.91, notching a gain of 0.39% for the day. The total traded volume was 2,303,456 . The stock had closed at $77.61 on the previous day.
The company Insiders own 0.14% of LyondellBasell Industries NV shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -42.52% . Institutional Investors own 73.55% of LyondellBasell Industries NV shares. During last six month period, the net percent change held by insiders has seen a change of -95.83%. In a related news, The officer (SVP Research & Development), of Lyondellbasell Industries N.V., Covezzi Massimo had unloaded 7,551 shares at $89.14 per share in a transaction on April 26, 2016. The total value of transaction was $673,096. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.