Early Morning Insight: Rentech Inc., Eastman Chemical Co., Ashland Inc., and
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LONDON, November 8, 2013
LONDON, November 8, 2013 /PRNewswire/ --
OnThursday, November 07, 2013, all three benchmark indexes of the US equity
market closed lower, with the Dow Jones Industrial Average, the S&P 500, and
the NASDAQ Composite falling by 0.97%, 1.32%, and 1.90%, respectively. Shares
in the chemicals - major diversified industry ended on a mixed note, even as
the broader market declined. The major movers included Rentech Inc. (NASDAQ:
RTK), Eastman Chemical Co. (NYSE: EMN), Ashland Inc. (NYSE: ASH), and Gevo
Inc. (NASDAQ: GEVO). All these companies are tracked by
AAAResearchReports.com. Download free technical analysis and charting reports
on RTK, EMN, ASH, and GEVO now at:
Rentech Inc.'s shares ended the day 2.41% higher at $1.70 after vacillating
between $1.60 and $1.74 during the trading session. A total of 2.84 million
shares were traded, which is above the daily average volume of 2.00 million.
Rentech Inc.'s stock has lost 1.73% in the previous three trading sessions,
underperforming the S&P 500, which has declined 1.18% during the same period.
Despite Thursday's gains, the company's shares are trading below their 50-day
and 200-day moving averages of $2.01 and $2.24, respectively. Download free
research on RTK today by registering at:
On Thursday, Eastman Chemical Co.'s stock declined to close at $76.81, which
is 1.42% lower than the previous day's closing price of $77.92. The company's
shares oscillated between $76.71 and $78.69 during the trading session. A
total of 1.94 million shares were traded, which is above the daily average
volume of 1.54 million. The company's shares have declined 1.13% in the
previous three trading sessions, outperforming the S&P 500, which has lost
1.18% during the same period. Additionally, Eastman Chemical Co.'s stock is
trading above its 200-day moving average of $73.75. Sign up and have access to
our free report on EMN at:
Ashland Inc.'s stock ended lower by 0.37% on Thursday, tracking losses in the
broader market. The company's shares vacillated between $86.90 and $88.94
before finishing the day at $88.03. A total of 0.82 million shares were
traded, which is above the daily average volume of 0.71 million. Ashland
Inc.'s shares have gained 2.23% in the previous one month, underperforming the
S&P 500, which has gained 4.24% during the same period. Further, the company's
stock is trading above its 200-day moving average of $85.29. Sign up and read
the complimentary report on ASH at:
Shares in Gevo Inc. finished the day 4.55% higher at $1.38 after fluctuating
between $1.34 and $1.43 during the trading session. A total of 0.63 million
shares were traded, which is above the daily average volume of 0.47 million.
Despite Thursday's gains, the company's shares have lost 19.77% in the
previous three trading sessions, underperforming the S&P 500, which has lost
1.18% during the same period. Moreover, Gevo Inc.'s stock is trading below its
50-day and 200-day moving averages of $1.84 and $1.93, respectively. The free
report on GEVO can be downloaded by signing up now at:
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