Ashland (ASH) has been under a strong bear grip, hence the stock is down -5.65% 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 2.84% in the past 1 week. The stock has risen by 2.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.29% in the past 4 weeks.
Ashland Inc. is up 3.85% in the last 3-month period. Year-to-Date the stock performance stands at 14.12%. The stock has recorded a 20-day Moving Average of 1.01% and the 50-Day Moving Average is 0.35%.
Ashland (NYSE:ASH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.79 and $114.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $116.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $115.92, notching a gain of 0.29% for the day. The total traded volume was 274,187 . The stock had closed at $115.59 on the previous day.
Also, Credit Suisse downgrades its view on Ashland (NYSE:ASH) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Credit Suisse lowers the price target from $122 per share to $119 per share on Ashland . The rating by the firm was issued on July 28, 2016.
Ashland Inc. (Ashland) is a specialty chemical company that provides products, services and solutions to industries. The Companys segments are: Ashland Specialty Ingredients offers products, technologies and resources in key markets including personal and home care, pharmaceutical, food and beverage, coatings, construction, energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp, paper, mining, food and beverage, power generation, refining, chemical processing, general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing, cost-efficient resin and adhesive technologies that improve the manufacturing, fabrication and design process, and Ashland Consumer Markets delivers premium-branded automotive, commercial and industrial lubricants, automotive chemicals and car-care products.