Methanex Corporation (MEOH) Shares are Down -3.46%

Methanex Corporation (MEOH) : During the past 4 weeks, traders have been relatively bearish on Methanex Corporation (MEOH), hence the stock is down -9.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.05% relative to the S&P 500. The 4-week change in the price of the stock is -3.46% and the stock has fallen -3.46% in the past 1 week.

Methanex Corporation (NASDAQ:MEOH): The stock opened at $28.48 on Friday but the bulls could not build on the opening and the stock topped out at $28.61 for the day. The stock traded down to $27.96 during the day, due to lack of any buying support eventually closed down at $28.42 with a loss of -0.53% for the day. The stock had closed at $28.57 on the previous day. The total traded volume was 808,700 shares.


The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 6.43%. Methanex Corporation has dropped 20.75% during the last 3-month period . Year-to-Date the stock performance stands at -12.47%.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

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