On June 15, Dow Inc. fell 5.14% in regular trading, trading at $32.96/share, with turnover of $172 million. The commodity chemicals sector experienced broad weakness, with Methanex down 5.58%, LyondellBasell down 3.01%, and PureCycle Technologies down 1.97%.
On the news front, UBS cut its target price on Dow from $39 to $37 while maintaining a Neutral rating. Although the company previously raised its Q2 earnings guidance to approximately $2.2 billion — above prior guidance and market consensus — the market reacted negatively, with shares falling 2.28% on the day of the announcement. CFO Jeff Tate had cited stronger polyethylene pricing, steady packaging demand, and tightening supply as key supports for the outlook, alongside a focus on deleveraging and maintaining approximately $14 billion in liquidity.
Fundamentally, Dow remains under pressure with a trailing twelve-month EPS of -$3.95, reflecting ongoing losses that continue to weigh on market sentiment. The stock is currently trading well below its 52-week high of $42.74.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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