Home / Basic Materials / Calumet Specialty Products Partners L.P. (CLMT) Dives 4.07% in Morning Session on September 22

Calumet Specialty Products Partners L.P. (CLMT) Dives 4.07% in Morning Session on September 22

Calumet Specialty Products Partners L.P. (CLMT) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of CLMT have fallen 4.07% to $5.15 after closing the day prior at $5.37. So far, the stock has traded as high as $5.57 and as low as $5.1. Today’s decline has come with about 385,725 shares changing hands, compared to an average 30-day volume of 485,266 for Calumet Specialty Products Partners L.P.. The price is currently below the 30-day volume weighted average price of $5.31 for CLMT.

The share depreciation gives the company a market capitalization of $410.11 million based upon 76.37 million shares outstanding. It also means that CLMT has a price-to-book ratio of 1.24:1.

In the past 52 weeks, shares of CLMT have traded as low as $3.42 and as high as $27.875. Technical traders will take note that at $5.15, shares of CLMT are trading below their 200-day MA at $9.28 and below their 50-day MA at $5.25. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is CLMT?

Calumet Specialty Products Partners LP is a producer of hydrocarbon products in North America. It owns specialty and fuel products facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, Texas, New Jersey, and other areas. The company’s 2100 employees are led by CEO Timothy Go from the corporate headquarters at 2780 Waterfront Parkway East Drive in Indianapolis, IN.


For more information on CLMT and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Sea Breeze Power Corp. (CDX:SBX:CA) Bolsters TSX Venture Utility Stocks, Rising 33.33% at Midday on September 28

Sea Breeze Power Corp. (CDX:SBX:CA) is amongst the strongest stocks in the utilities sector of …