Evonik Buys Stake in Nanotech Company
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Evonik announced today that it acquired a minority stake in Nanotech Industrial Solutions, placing a bet that nanotechnology will become an important tool in the lubricant additive toolbox.
The companies did not disclose the amount of Evonik Industries’ investment or the size of its share in NIS, but Evonik officials said they believe NIS’s technology can help Evonik provide additives that will be valuable to lubricant marketers.
Quaker Chemical Corp Sets All-Time High; Strong Momentum for Holders
The stock of Quaker Chemical Corp (NYSE:KWR) reached all time high today, Jul, 21 and still has $117.53 target or 22.00% above today’s $96.34 share price. This indicates more upside for the $1.27 billion company. This technical setup was reported by Barchart.com. If the $117.53 PT is reached, the company will be worth $279.40 million more. Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.60% or $0.57 during the last trading session, hitting $96.34. About 26,539 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 23.42% since December 14, 2015 and is uptrending. It has outperformed by 15.89% the S&P500.
Stock Turning Heads this Year: Chemtura Corporation (NYSE:CHMT)
Year to date, Chemtura Corporation (NYSE:CHMT) stock has yielded positive results for investors. So far this year the stock has jumped 3.56% as investors are hopeful that the trend can continue into the 2nd half of 2016. Is now the right time to take profits or hold long term? Investors will be paying particularly close attention to the upcoming earnings announcement as well as what analysts are anticipating over the next couple of quarters.
Quaker Chemical Corporation (NYSE:KWR) Broker Price Targets For The Coming Week
Market analysts have recently updated their ratings and price targets on shares of Quaker Chemical Corporation (NYSE:KWR). The latest reports which are currently in issue on Sunday 5th of June state 0 analysts have a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell.”
After the Recent Drop, is it Time to Sell Chemtura Corporation (NYSE:CHMT)
Chemtura Corporation (NYSE:CHMT) stock has moved in a downward direction over the past week, yielding losses for investors. Based on the recent close, the shares have dropped -0.41% over the past five trading days. Looking further out, the stock is -2.16% year to date. With increased market volatility, stakeholders will likely be deciding whether or not now is a good time to cut losses or double down on the pullback.