The Dow Chemical Company (NYSE:DOW) provides wow factor in feedstock space
Very recently, the American Chemistry Council had reported that there were numerous factors that have been proven to drive growth of chemical-exports in the U.S. Factors such as an increase in demand in emerging markets, favorable energy costs and an abundance of shale gas are some of the contributing factors.
Apart from this, it was noticed that chemical companies have been leveraging these factors very effectively to drive their profits higher over the last few months. The Dow Chemical Company (NYSE:DOW) had reported over-the-top profits in its most recent quarter that ended 30 June. This has primarily been attributed to its strong presence in the agricultural-business. There has also been a very strong demand for crop-protection products. This definitely acted as fuel for its boost.
The company is benefiting greatly from its powerful fundamental-presence in the food and agriculture markets despite all the challenges that the markets have been facing in Europe. In addition, DOW has been leveraging on its strength in the feedstock-sector in the markets in North America.
It has also made a large number of investments in Middle East and United States’ markets. The company has also been consistently innovative with its products and adds to its product pipeline at great regularity.
Latest trading session
In Monday’s trading session, DOW stock dipped 0.23%. The opening price of the shares was $38.67 which touched an intraday high of $39.20 and closed at $38.65. More than 10.26 million shares were traded in Monday’s trading session while the average volume of shares traded over 30 days was 6.37 million. The company has a market cap of $46.93 billion.
DOW combines technology and science power and innovates very passionately in products that are essential for human progress. It connects innovation and chemistry with sustainability principles to help in addressing numerous problems such as the requirement of clean water and renewable-energy generation, amongst other things.