Dow Chemical Company (The) (DOW) has risen sharply, recording gains of 8.58% in the past 4 weeks. However, the stock has corrected -0.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.95% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Dow Chemical Company (The) (NYSE:DOW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.64 and $53.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.64, notching a gain of 0.28% for the day. The total traded volume was 3,901,077 . The stock had closed at $53.49 on the previous day.
The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 3.5%. The Dow Chemical Company is up 5.82% in the last 3-month period. Year-to-Date the stock performance stands at 6.11%.
Dow Chemical Company (The) (DOW) : 10 Wall Street analysts covering Dow Chemical Company (The) (DOW) believe that the average level the stock could reach for the short term is $57.7. The maximum price target given is $65 and the minimum target for short term is around $47, hence the standard deviation is calculated at $5.64.
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified, manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals and Performance Plastics. The Company serves various industries, such as appliance, automotive, agricultural, building and construction, chemical processing, electronics, furniture, housewares, oil and gas, packaging, paints, coatings and adhesives, personal care, pharmaceutical, processed foods, pulp and paper, textile and carpet, utilities and water treatment.