Minerals Technologies Inc
Change company Symbol lookup
Select an option...
MTX Minerals Technologies Inc
BBW Build-A-Bear Workshop Inc
GWPH GW Pharmaceuticals PLC
LMT Lockheed Martin Corp
TELL Tellurian Inc
PFE Pfizer Inc
AGNC Agnc Investment Corp
AAPL Apple Inc
GRTYA Guaranty Corp
SATS EchoStar Corp

Materials : Chemicals | Small Cap Blend
Company profile

Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc. The Performance Materials segment is a supplier of bentonite and bentonite-related products to industrial and consumer markets globally. The Refractories segment produces and markets monolithic and shaped refractory materials and specialty products, services and application and measurement equipment. The Energy Services segment offers a range of services to improve the production, costs, compliance and environmental impact of activities performed in the oil and gas industry.


Last Trade
0.00 (0.00%)
B/A Size

Market Hours

Closing Price
Day's Change
1.63 (2.63%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

Alibaba's stock falls after China regulator drafts anti-monopoly guidelines

8:58 am ET November 11, 2020 (MarketWatch)

Tomi Kilgore

Nio, other EV makers also hit as antitrust guidelines send China's stock market lower, to buck global market rally

Shares of Alibaba Group Holding Ltd. fell Wednesday, as did the stocks of most other China-based digital platform companies, after the country's market regulators drafted anti-monopoly guidelines targeting the group.

The negative effect of the guidelines on investor sentiment wasn't limited to internet stocks, however, as fear of more government control (https://www.marketwatch.com/articles/chinese-internet-stocks-tumble-because-regulatory-risk-is-back-51605032174) led to a broad selloff in China's stock market, bucking the rally seen in global markets. Read Europe Markets (https://www.marketwatch.com/story/european-stocks-up-for-third-straight-day-as-investors-cling-to-covid-19-vaccine-hopes-11605086457) and Market Snapshot (https://www.marketwatch.com/story/dow-futures-rise-200-points-set-to-knock-on-door-of-record-high-on-veterans-day-11605098820).

The guidelines cover a range of monopolistic practices, including the abuse of dominant market positions, restricting merchants from working with rival platforms and predatory pricing, as The Wall Street Journal reported (https://www.wsj.com/articles/the-big-tech-monopoly-crackdown-hits-china-11605088715?page=1).

"We view the guidelines as an attempt to check the power of large tech platforms, including the largely ecommerce marketplaces," wrote analyst Aaron Kessler at Raymond James in a note to clients.

Alibaba's stock (9988.HK) slumped as much as 3.6% premarket, but pared losses to be down 0.8% ahead of Wednesday's open.

Raymond James' Kessler recommended buying Alibaba's stock on a pullback, as the guidelines weren't likely to hurt the ecommerce giant, and may even help it.

"At this point, we do not believe the antitrust guidelines would have any material impact on Alibaba revenues," Kessler wrote. "It could also serve to limit new entrants from aggressively pricing to gain market share, which could be viewed as a positive for [Alibaba]."

Also read: Alibaba brings notable names, including Taylor Swift, to China for Singles Day (https://www.marketwatch.com/story/alibaba-brings-notable-names-including-taylor-swift-to-china-for-singles-day-11605032330).

Among other China-based technology companies, the U.S.-listed shares of Tencent Holdings Ltd. (0700.HK) slid 2.4% and Pinduoduo Inc. (PDD) lost 0.6%. JD.com Inc.'s stock (JD) eased 0.1%, erasing almost all of an earlier premarket loss of as much as 3.8%.

The iShares MSCI China exchange-traded fund MCHI (#phrase-company?ref=COMPANY%7CMCHI;onlineSignificance=passing-mention) fell 0.6% and the KraneShares CSI China Internet ETF (KWEB) declined 0.5% ahead of the open, while futures YM00 (#phrase-company?ref=COMPANY%7CYM00;onlineSignificance=passing-mention) for the Dow Jones Industrial Average DJIA (#phrase-company?ref=COMPANY%7CDJIA;onlineSignificance=passing-mention) rallied 202 points, or 0.7%. Meanwhile, the STOXX Europe 600 Index rallied 1.0%.

The most-active stock of a China-based company was that of electric vehicle maker Nio Inc. (NIO), which slumped 3.6%, after shedding 5.6% on Tuesday.

Among other China-based EV makers, shares of XPeng Inc. (XPEV) gave up 2.5% and Li Auto Inc. (LI) dropped 3.6%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 11, 2020 08:58 ET (13:58 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.