LyondellBasell Rises On Unusually High Volume (LYB)
LyondellBasell Industries (NYSE:LYB) is trading at unusually high volume Wednesday with 8.8 million shares changing hands. It is currently at two times its average daily volume and trading up $1.75 (+3.5%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- LyondellBasell Industries (NYSE: LYB) is trading at unusually high volume Wednesday with 8.8 million shares changing hands. It is currently at two times its average daily volume and trading up $1.75 (+3.5%) at $51.51 as of 1:56 p.m. ET.
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LyondellBasell has a market cap of $28.11 billion and is part of the basic materials sector and chemicals industry. Shares are up 53.2% year to date as of the close of trading on Tuesday. LyondellBasell Industries N.V. manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for the production of polymers. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates LyondellBasell as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full LyondellBasell Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.