Dow Chemical Company (NYSE:DOW) traded flat, Weyerhaeuser Company (NYSE:WY)

Posted by Lacee Page May 14, 2013 0 Comment 1622 views


Miami, FL 05/14/2013 (GDPInsider) – The Dow Chemical Company (NYSE:DOW): The trading session on Monday saw The Dow Chemical Company (NYSE:DOW) shares drop by 0.32%. The opening price of $34.91 touched an intraday high of $34.99 per share before settling down at $34.34. The total number of shares traded in Monday’s trading session was around 5.24million, which stood below the average volume of 8.41 million, measured over a 30-day period.

Dividends for shareholders of Dow Chemical Co.’s will finally return to the pre-recession levels. This could partly be attributed to the fact that after a failed Kuwait venture, it received $2.2 billion in damages. With this payment now in their kitty, The Dow Chemical Company (NYSE:DOW) will be able to work on a balance sheet that is looking a little healthier already. The company is seeking to eventually return our dividend to pre-2009 levels.”

When the recession hit in full force in 2008, the company stock was running at around $40 per share while its dividends stood at 42 cents a share, in each quarter. In 2009, as the company’s shares dived, the dividend had been cut-down to 15 cents per quarter, below $10 a share before they began recovering.

Is DOW a solid investment at these levels? Get valuable updates and exclusive insights here.

Weyerhaeuser Company (NYSE:WY): The trading session on Monday saw Weyerhaeuser Company (NYSE:WY) shares dipping by 1.56%. The opening price of $31.26 touched an intraday high of $31.40 per share before settling down at $30.90. The total number of shares traded in Monday’s trading session was around 3.47million, which stood below the average volume of 4.34million, measured over a 30-day period.

In the short term, there is a distinct possibility that Weyerhaeuser Company might reach the higher limit of a bullish channel. Looking at the company from a fundamental point of view, irrespective of its high valuation, analysts have been upward-revising the earning per share projections on a regular basis. Consequently, profitability is improving, showing a relatively good financial health of the company. Looking at it technically, the stock has had a bullish configuration on every time-scale.

The prices have been buoyed by the rise in moving averages as indicated by the 20-period, in the weekly data. These envelop the shares in a very dynamic upward-trend. Taking all these factors into consideration, the stock is a definite must-buy at the current price.

How Should Investors Trade WY Now? Get the latest trends and data here.

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About Lacee Page

Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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