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Updated · MarketWatch · May 6LyondellBasell stock falls 5.50%, ending seven-day winning streak
7 articles · Updated · MarketWatch · May 6
- The shares closed at $73.48 on Wednesday, lagging a strong US market as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
- The decline left the stock 12.46% below its 52-week high of $83.94, reached on 31 March.
- Trading volume was 7.5 million shares, about 1.1 million below the stock's 50-day average of 8.5 million.
After slashing its dividend, can Middle East turmoil alone rescue LyondellBasell's stock from its current downturn? Is LyondellBasell's pivot to green chemistry a visionary strategy or a costly gamble amid market weakness? LyondellBasell benefits from conflict, but how exposed are investors to a sudden outbreak of peace?