Market Chatter: Ashland Inc. Shares Tumble Nearly 6% on Sales Dip

By Staff,

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Chemical company Ashland Inc.'s ( ASH ) shares are down 5.8% to $69.40, but above a day low of $69.19, after the company reported that August sales in its specialty ingredients segment fell 9.7% from July according to a filing, the Wall Street Journal reported.

It was the third month in a row specialty ingredients sales dropped, though year-over-year sales are still higher. The segment was the biggest contributor to total sales in Ashland's fiscal third-quarter.

ASH shares have traded in a day range of $69.19 - $73.00, and a year range of $41.11 - $78.27.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ASH

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