Dow Chemical Company (The) (DOW) : Traders are bullish on Dow Chemical Company (The) (DOW) as it has outperformed the S&P 500 by a wide margin of 0.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.11%, 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 2.08% in the last 1 week, and is up 0.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Dow Chemical Company is up 4.98% in the last 3-month period. Year-to-Date the stock performance stands at 5.68%. The stock has recorded a 20-day Moving Average of 0.26% and the 50-Day Moving Average is 2.7%.
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 $52.95 and $52.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.42, notching a gain of 0.36% for the day. The total traded volume was 4,428,159 . The stock had closed at $53.23 on the previous day.
Also, SunTrust Robinson Humphrey maintains its rating on Dow Chemical Company (The) (NYSE:DOW). The global brokerage major raises the current price target from $57 per share to $58 per share. Analysts at the SunTrust Robinson Humphrey have a current rating of Neutral on the shares. The rating by the firm was issued on August 1, 2016.
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.