Air Products and Chemicals (APD) has been under a strong bear grip, hence the stock is down -0.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.37% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.42% in the last 1 week, and is up 0.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 3.18%. Air Products and Chemicals (NYSE:APD): stock turned positive on Friday. Though the stock opened at $150, the bulls momentum made the stock top out at $152.08 level for the day. The stock recorded a low of $149.4 and closed the trading day at $149.84, in the green by 0.53%. The total traded volume for the day was 1,301,518. The stock had closed at $149.05 in the previous days trading.
The company Insiders own 0.33% of Air Products and Chemicals shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.45% . Institutional Investors own 88.87% of Air Products and Chemicals shares. During last six month period, the net percent change held by insiders has seen a change of -13.45%. Also, JP Morgan upgrades its view on Air Products and Chemicals (NYSE:APD) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. JP Morgan raises the price target from $140 per share to $160 per share on Air Products and Chemicals . The rating by the firm was issued on August 12, 2016.
Air Products and Chemicals, Inc. (Air Products) serves energy, electronics, chemicals, steel, and manufacturing customers with a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company operates in four business segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. Merchant Gases sells atmospheric gases, such as oxygen, nitrogen, and argon, process gases, medical and specialty gases, and certain services and equipment. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and synthesis gas. Electronics and Performance Materials provide the electronics industry with specialty gases. Equipment and Energy designs and manufactures cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction (LNG), and helium distribution.