Sensient Technologies Corporation (SXT) : Traders are bullish on Sensient Technologies Corporation (SXT) as it has outperformed the S&P 500 by a margin of 1.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.34%, 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 6.99% in the last 1 week, and is up 8.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Sensient Technologies Corporation (NYSE:SXT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.70 and $71.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.59, notching a gain of 7.37% for the day. The total traded volume was 954,131 . The stock had closed at $70.40 on the previous day.
The stock has recorded a 20-day Moving Average of 7.93% and the 50-Day Moving Average is 9.03%. Sensient Technologies Corporation is up 11.93% in the last 3-month period. Year-to-Date the stock performance stands at 21.38%.
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals. The Companys customers include international manufacturers. Its products include flavors, flavor enhancers and bionutrients; fragrances and aroma chemicals; natural ingredients, including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic and pharmaceutical colors and ingredients, and technical colors, specialty inks and colors, and specialty dyes and pigments. The Company operates under the following segments: Flavors & Fragrances Group and the Color Group.