Price Change to Note: Could Innospec Inc. Change Direction After Making All Time High?

Price Change to Note: Could Innospec Inc. Change Direction After Making All Time High?

The stock of Innospec Inc. (NASDAQ:IOSP) reached all time high today, Nov, 22 and still has $71.33 target or 8.00% above today’s $66.05 share price. This indicates more upside for the $1.63 billion company. This technical setup was reported by Barchart.com. If the $71.33 PT is reached, the company will be worth $130.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 62,152 shares traded hands. Innospec Inc. (NASDAQ:IOSP) has risen 35.69% since April 20, 2016 and is uptrending. It has outperformed by 31.13% the S&P500.

Innospec Inc. (NASDAQ:IOSP) Ratings Coverage

Out of 3 analysts covering Innospec (NASDAQ:IOSP), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Innospec has been the topic of 3 analyst reports since October 12, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, October 12 by Monness Crespi & Hardt. Monness Crespi maintained Innospec Inc. (NASDAQ:IOSP) on Friday, November 4 with “Buy” rating. The stock of Innospec Inc. (NASDAQ:IOSP) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, April 5.

According to Zacks Investment Research, “Octel Corp. is a major manufacturer and distributor of fuel additives and other specialty chemicals. Their products are sold globally, primarily to oil refineries. Principal product lines are lead alkyl antiknock compound, other petroleum additives and performance chemicals.”

More news for Innospec Inc. (NASDAQ:IOSP) were recently published by: Streetinsider.com, which released: “Form 4 INNOSPEC INC. For: Nov 18 Filed by: Aldous Hugh” on November 22, 2016. Marketwatch.com‘s article titled: “Innospec upgraded to overweight from sector weight at KeyBanc Capital” and published on February 18, 2011 is yet another important article.

IOSP Company Profile

Innospec Inc., incorporated on January 13, 2006, develops, makes, blends, markets and supplies fuel additives, oilfield chemicals, personal care and fragrance ingredients and other specialty chemicals. The Firm operates in three divisions: Fuel Specialties, Performance Chemicals and Octane Additives. The Company’s products are sold to gas and oil exploration and production companies, oil refineries, personal care and fragrance companies, and other chemical and industrial companies. The Company’s oilfield specialties business supplies drilling and production chemicals for exploration and production. The Company’s Octane Additives business makes products for use in automotive gasoline and provides services in respect of environmental remediation.

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