The shares of Ashland Inc. (NYSE:ASH) traded with a loss of -0.51 points or -0.51% in the most recent session. The shares last traded at $99.55. As per the trading info, the shares saw $33.41 million in upticks and lost $29.68 million in downticks, resulting in a net money flow of $3.74 million. The up/down ratio for the day was measured at 1.13. For the week, the shares had posted -7.19%.From the block trade data available, the total upticks were valued at $2.01 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $2.01 million.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Senior Vice President) of Ashland Inc., Ganz Peter sold 1,200 shares at $119.6 on July 14, 2015. The Insider selling transaction had a total value worth of $143,520. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.2% of Ashland Inc. Company shares. In the past six months, there is a change of -18.22% in the total insider ownership. Institutional Investors own 85.8% of Company shares. During last 3 month period, -7.7% of total institutional ownership has changed in the company shares.
The company shares have dropped 3.88% in the past 52 Weeks. On May 11, 2015 The shares registered one year high of $132.38 and one year low was seen on October 15, 2014 at $95.21. The 50-day moving average is $106.93 and the 200 day moving average is recorded at $120.14. S&P 500 has rallied 4.59% during the last 52-weeks.
Ashland Inc. (NYSE:ASH) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The shares could manage an average rating of 1.44 from 9 analysts. 7 market experts have marked it as a strong buy. 2 analysts have rated the company at hold.
Shares of Ashland Inc. (NYSE:ASH) ended Tuesday session in red amid volatile trading. The shares closed down 0.51 points or 0.51% at $99.55 with 1,445,874 shares getting traded. Post opening the session at $100.03, the shares hit an intraday low of $97.58 and an intraday high of $101.1099 and the price vacillated in this range throughout the day. The company has a market cap of $6,732 million and the number of outstanding shares have been calculated to be 67,624,000 shares. The 52-week high of Ashland Inc. (NYSE:ASH) is $132.38 and the 52-week low is $95.21.
Ashland Inc. (Ashland) is a global specialty chemical company that provides products, services and solutions throughout a variety of industries. Ashland’s business operates in four segments: Ashland Specialty Ingredients; Ashland Water Technologies; Ashland Performance Materials and Ashland Consumer Markets. The Company offers products, technologies and resources for solving formulation and product performance in a range of markets including personal care, pharmaceutical, food and beverage, coatings, construction and energy. It is also a specialty chemical supplier to the pulp, paper, mining, food and beverage, commercial and institutional, chemicals processing, general manufacturing and municipal wastewater-treatment industries. The Company is also a global producer of specialty resins and adhesives serving the construction, transportation, infrastructure, packaging and converting, marine and energy markets.
By Stephanie Nicolas
Source: Insider Trading Report
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?