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Innospec Inc (IOSP) Shows Strength: Stock Jumps 5.6%

Innospec Inc.IOSP was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $49.91-$55.24 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Innospec Inc. carries a Zacks Rank #3 (Hold).

A better-ranked diversified chemical stock is Celanese Corporation CE , which sports a Zacks Rank #1 (Strong Buy).

Is IOSP going up? Or down? Predict to see what others think: Up or Down

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


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

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