PPG Industries (PPG) Shares Slide -2.73%

PPG Industries (PPG) has risen sharply, recording gains of 0.18% in the past 4 weeks. However, the stock has corrected -2.73% in the past 1 week, providing a good buying opportunity on dips. PPG Industries (PPG) : During the past 4 weeks, traders have been relatively bearish on PPG Industries (PPG), hence the stock is down -3.07% 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 -2.67% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 1.92% and the 50-Day Moving Average is 2.08%. PPG Industries, Inc. has dropped 4.79% during the last 3-month period . Year-to-Date the stock performance stands at 6.76%.


PPG Industries (NYSE:PPG): On Fridays trading session , Opening price of the stock was $104.99 with an intraday high of $105.2295. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $103.7401. However, the stock managed to close at $104.71, a loss of 0.73% for the day. On the previous day, the stock had closed at $105.48. The total traded volume of the day was 2,107,674 shares.

Also, Equity Analysts at the Brokerage Firm, Seaport Global, upgrades their rating on the shares of PPG Industries (NYSE:PPG). Seaport Global has a Buy rating on the shares. Previously, the analysts had a Accumulate rating on the shares. The rating by the firm was issued on July 26, 2016.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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