Shares of LyondellBasell Industries NV (LYB) Sees Large Outflow of Money

LyondellBasell Industries NV (LYB) : Wednesdays money flow analysis of LyondellBasell Industries NV (LYB) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $19.8 million. In comparison, the inflow of money on upticks was a meager $16.64 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.16 million. The uptick to downtick ratio of 0.84 in the money flow shows weakness. The downtick transaction value was high at $4.59 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($4.59 million). LyondellBasell Industries NV (LYB) gained $0.84 at $79.58, a change of 1.07% over the previous days close.


Also, Citigroup maintains its rating on LyondellBasell Industries NV (NYSE:LYB). The global brokerage major lowers the current price target from $96 per share to $81 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 15, 2016.

LyondellBasell Industries NV (NYSE:LYB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.56 and $78.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.48, notching a gain of 0.94% for the day. The total traded volume was 2,120,452 . The stock had closed at $78.74 on the previous day.

The stock has recorded a 20-day Moving Average of 4.66% and the 50-Day Moving Average is 0.84%. 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.

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