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) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Methanex Corporation fell $1.94 (-3.0%) to $63.66 on heavy volume. Throughout the day, 1,515,170 shares of Methanex Corporation exchanged hands as compared to its average daily volume of 839,800 shares. The stock ranged in price between $63.06-$65.89 after having opened the day at $65.50 as compared to the previous trading day's close of $65.60. Other companies within the Chemicals industry that declined today were:
), down 14.3%,
), down 11.8%,
), down 5.8% and
), down 5.7%.
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Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors in the Asia Pacific, North America, Europe, and South America. It also purchases and re-sells methanol produced by others on the spot market. Methanex Corporation has a market cap of $6.3 billion and is part of the basic materials sector. Shares are up 10.7% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Methanex Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Methanex Corporation Ratings Report.
On the positive front,
), up 10.6%,
), up 6.1%,
), up 4.0% and
), up 3.8% , were all gainers within the chemicals industry with
) being today's featured chemicals industry leader.
- Use our chemicals section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider
) while those bearish on the chemicals industry could consider
- Find other investment ideas from our top rated ETFs lists.