Axiall Corporation (AXLL) : Traders are bullish on Axiall Corporation (AXLL) as it has outperformed the S&P 500 by a wide margin of 1.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.15% in the last 1 week, and is up 1.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Axiall Corporation is up 48.64% in the last 3-month period. Year-to-Date the stock performance stands at 116.71%. The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 1.6%.
Axiall Corporation (NYSE:AXLL): The stock was completely flat for the day, closing at $32.97 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $32.96, the stock touched an intraday high of $32.98 and a low of $32.96. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $32.97. The total trading volume on Friday was 659,913.
Also, Major Brokerage house, Nomura maintains its ratings on Axiall Corporation (NYSE:AXLL). In the latest research report, Nomura raises the target price from $25 per share to $33 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 11, 2016.
Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls, building products and aromatics. The Companys chlorovinyls segment produces a chain of products, including chlor-alkali and derivative products, such as chlorine, caustic soda, vinyl chloride monomer (VCM), vinyl resins, ethylene dichloride (or 1, 2 dichloroethane) (EDC), chlorinated solvents, calcium hypochlorite, hydrochloric acid (HCL) and phosgene derivatives, and compound products, such as vinyl compounds and compound additives and plasticizers. The Companys building products segment consists of two primary product groups: window and door profiles and trim, moldings and deck products, and outdoor building products, which includes siding and exterior accessories, pipe and pipe fittings. The Companys aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).