Clariant AG
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Based in Switzerland
Company profile

Clariant AG is a Switzerland-based producer of specialty chemicals. It operates through four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics and Coatings. The Care Chemicals business area produces ingredients for laundry detergents, fabric softeners, disinfectants and dishwashing detergents, as well as plasticizers, de-icing fluids for aircrafts and runways, and special solvents. The Catalysis business area offers a wide range of catalysts for the petrochemicals, plastics and refining industries. The Natural Resources business area provides products and services to the minerals and oil and mining industries. The Plastics and Coatings business area produces color and additive concentrates and performance solutions for plastics, flame retardants, polymer additives and waxes for functional effects in plastics, coatings, inks and other special applications, as well as organic pigments, pigment preparations and specialty dyes.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$20.21
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
20.21
Day's Low
20.00
Volume
(Heavy Day)
Volume:
1,100

10-day average volume:
560
1,100

UPDATE: Air travel is back? Before buying up airline stocks on TSA's latest upbeat figures, check out this chart

3:03 pm ET October 19, 2020 (MarketWatch)
Print

Shawn Langlois

More than 1 million passengers were screened by the Transportation Security Administration on Sunday, marking a new pandemic high (https://www.tsa.gov/news/press/releases/2020/10/19/tsa-screens-over-1m-passengers-single-day-first-time-march) for an airline industry in dire need of some good news.

The announcement lit a buying fire early in the session under long-suffering stocks (https://www.marketwatch.com/story/airline-stocks-see-broad-gains-after-tsa-daily-traveler-data-topped-1-million-on-sunday-2020-10-19) such as United Airlines Holdings (UAL) , Delta Air Lines (DAL) , JetBlue (JBLU) and Southwest Airlines (LUV) , but is the news really that bullish?

Not according to Wolf Richter of the popular Wolf Street blog (https://wolfstreet.com/2020/10/19/worst-recovery-ever-to-soothe-investor-pain-government-agency-tsa-hypes-airline-stocks-in-chilling-pr-stunt/), who said the "TSA hype" doesn't quite capture what's happening in the industry. "There was zero numerical context, such as the comparison with the same period last year," Richter said. "This context that the TSA failed to discuss, and that the media then failed to mention, is still unchanged-horrible."

He posted this chart for some perspective:

As you can see, traffic is still down 64.5% from last year, and, also of note, it's not even the "least-worst" week of the pandemic. That milestone was reached around Labor Day, Richter said.

Here's another way to look at it:

"What this boils down to is this: Airline passenger traffic, compared to the same period last year, has recovered a little bit from the catastrophic near-zero April lows but remains down about 64% from a year ago, in a phenomenon I have called the 'worst recovery ever (https://wolfstreet.com/2020/10/14/airlines-toxic-mix-still-crushed-ticket-sales-lower-ticket-prices-delta-q3-passenger-revenues-86-percent/),'" he said.

Nevertheless, the news was clearly bullish enough for investors to buy up airline stocks in the face of a weak market on Monday. At last check, the Dow Jones Industrial Average , S&P 500 and tech-heavy Nasdaq Composite were all firmly lower.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 19, 2020 15:03 ET (19:03 GMT)

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