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Innospec (IOSP) Catches Eye: Stock Adds 7.4% in Session
Innospec Inc. (IOSP - Free Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The upside came after the company announced that it has committed to acquire the European Personal Care and Home Care business of Huntsman Corp. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally continues the recent uptrend for the company as the stock is now up 26.6% in the past one-month time frame.
The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Innospec currently carries a Zacks Rank #2 (Buy).
INNOSPEC INC Price
INNOSPEC INC Price | INNOSPEC INC Quote
Another well-ranked stock in the same industry is Axiall Corporation , 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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