PennyStocksUpdate.biz is devoted to fetch you the most exclusive stocks in the market today. Apart from scanning the markets for the most underrated stocks. We propel those victors directly to your email inbox first ahead of the rest of the marketplace gets a prospect.
New York, NY -- (SBWIRE) -- 12/26/2012 -- LyondellBasell Industries N.V. (NYSE:LYB) Is a separate substance company. The Business's substances businesses involve handling vegetation that turn amounts of fluid and gaseous hydrocarbon feedstock into plastic material resins and other substances. Its Austin refinery procedures raw oil into powers, such as petrol, diesel petrol and jet petrol. Its sections include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Japan, Worldwide (O&P-EAI), Intermediates and Types (I&D), Improving & Oxyfuels and Technology.
LyondellBasell Industries NV (NYSE:LYB) shares increased 1.31% and closed at $55.86 in yesterday’s session. The company announced Petroliam Nasional Berhad (PETRONAS) has selected the Spheripol process technology from LyondellBasell for two 300 KTA polypropylene (PP) plants to be located in Pengerang, Malaysia.
Additionally, the company stated that it has priced an underwritten public offering of 21 million ordinary shares by certain selling shareholders that are affiliates of Apollo Management Holdings L.P. at a price to the public of $48.50 per share.
LYB is +0.73 - +1.31% from the previous close of $55.86. It traded between $55.825 - 56.90 with total traded volume of 2907932 shares. At Current Market Price, LYB is in the distance of +10.30% from its 50-day Moving Average price of $51.3057 and +17.98% from its 200-day Moving Average price of $47.9657.
Is it the Right to Grab LYB after the Recent Slump? Get Free Trend Analysis Here
Neither PennyStocksUpdate.biz nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by PennyStocksUpdate.biz, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation.PennyStocksUpdate.biz makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through PennyStocksUpdate.biz. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned here in..
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)