W.W. Grainger Inc. Stock Falls Thursday, Underperforms Market

Ashland Inc

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Materials : Chemicals | Small Cap Blend

Company profile

Ashland Inc. is a global additives and specialty ingredients company. It serves customers in a range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceuticals. Its segments include life sciences, personal care, specialty additives, and intermediates. The life sciences segment includes pharmaceuticals, nutraceuticals and nutrition, and diagnostic films and agricultural chemicals. The personal care segment skin and sun care, hair care, oral care, home care, and others. The specialty additives segment includes coatings, construction, and energy. The intermediates segment produces and supplies butanediol (BDO), Tetrahydrofuran (THF), n-methyl-pyrrolidone (NMP) and gamma-butyrolactone (GBL, BLO) in addition to other downstream products. Its products include acrylates, aquaflow, biofunctionals, cellulosics, cyclodextrins, encapsulates, emollient esters, emulsifiers, and others.

W.W. Grainger Inc. Stock Falls Thursday, Underperforms Market

4:58 pm ET January 12, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of W.W. Grainger Inc. (GWW) shed 1.67% to $572.54 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. The stock's fall snapped a four-day winning streak. W.W. Grainger Inc. closed $39.52 short of its 52-week high ($612.06), which the company achieved on November 10th.

The stock underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. (AMZN) rose 0.19% to $95.27, Home Depot Inc. (HD) rose 0.26% to $329.87, and Lowe's Cos. (LOW) rose 0.80% to $210.26. Trading volume (230,549) remained 63,055 below its 50-day average volume of 293,604.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.

(END) Dow Jones Newswires

January 12, 2023 16:58 ET (21:58 GMT)