On June 12, The Dow Chemical Company (NYSE:DOW) announced that it has won the flexible packaging converter, Ampac, as the first licensee of its PacXpert packaging technology in North America. Ampac will be authorized to produce packages enabled by PacXpert Technology and will market the packages among its customer base under the Ampac CubePak name. The Dow Chemical Company (NYSE:DOW) net profit margin is 8.40% and weekly performance is -1.37%. On last trading day company shares ended up $52.40. Analysts mean target price for the company is $53.78. The Dow Chemical Company (NYSE:DOW) distance from 50-day simple moving average (SMA50) is 5.06%.
On May 13, Rentech, Inc. (NASDAQ:RTK)announced financial and operating results for the three months ended March 31, 2014. Revenues for the three months ended March 31, 2014 were $56.3 million for Rentech’s nitrogen products manufacturing segment. This compares to $59.6 million for the same period in the prior year. Revenues for the first quarter of 2014 declined 18% from the prior-year quarter at the East Dubuque Facility and increased 11% over the prior-year quarter at the Pasadena Facility. Rentech, Inc. (NASDAQ:RTK) shares advanced 0.90% in last trading session and ended the day on $2.25. Gross Margin is 19.70% and its return on assets is 2.60%. Rentech, Inc. (NASDAQ:RTK) quarterly performance is 25.70%.
Huntsman Corporation (NYSE:HUN) major shareholder Jon M. Huntsman sold 455,072 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $28.40, for a total value of $12,924,044.80. Following the completion of the sale, the insider now directly owns 636,584 shares of the company’s stock, valued at approximately $18,078,986. Huntsman Corporation (NYSE:HUN) shares moved up 0.68% in last trading session and was closed at $28.09, while trading in range of $27.69 – $28.13. Huntsman Corporation (NYSE:HUN) year to date (YTD) performance is 15.31%.
June 13, 2014 – Eastman Chemical Company (NYSE:EMN) announced that operations at its Kingsport, Tenn., site have been substantially restored following an unplanned shutdown on June 4. Eastman has made tremendous progress in bringing the plant back online in a safe and orderly manner with no material financial impact. Based on current information, the company projects the shutdown will negatively impact earnings between $0.05 and $0.10 per share, and continues to expect full-year 2014 earnings per share to be between $6.70 and $7.00. Non-core and non-recurring items are excluded from the earnings per share projection. Eastman Chemical Company (NYSE:EMN) ended the last trading day at $88.84. Company weekly volatility is calculated as 1.13% and price to cash ratio as 72.58. Eastman Chemical Company (NYSE:EMN) showed a negative weekly performance of -0.77%.
On June 12, Chemical giant Air Products & Chemicals Inc. (NYSE:APD) and Matheson Tri-Gas, Inc. (:MATHESON) announced the commencement of production operations at their jointly-owned liquid helium production plant near Big Piney, WY. Operations began with the filling and shipping of the first two 11,000 gallon helium ISO containers from the plant. Air Products & Chemicals, Inc. (NYSE:APD) net profit margin is 9.70% and weekly performance is -1.96%. On last trading day company shares ended up $121.13. Analysts mean target price for the company is $119.33. Air Products & Chemicals, Inc. (NYSE:APD) distance from 50-day simple moving average (SMA50) is 1.83%.
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