PPG Industries stock rallies 3.64% and outperforms competitors
Updated
Updated · MarketWatch · Apr 30
PPG Industries stock rallies 3.64% and outperforms competitors
12 articles · Updated · MarketWatch · Apr 30
Shares closed at $108.50 on Thursday as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
The advance ended a two-day losing streak and beat peers including 3M, Sherwin-Williams and Masco, which posted smaller gains during the session.
PPG remains 18.68% below its 52-week high of $133.43 reached on 12 February, while trading volume of 2.4 million topped its 50-day average of 2.2 million.
With its stock far below its peak, is PPG an undervalued giant or a value trap?
PPG's earnings report was stellar, so why are company insiders selling their stock?
Can PPG's aerospace boom offset major declines in its automotive and European markets?