Home / Basic Materials / Calumet Specialty Products Partners L.P. (CLMT) Leads Basic Materials Laggards with a drop of 3.72% on September 22

Calumet Specialty Products Partners L.P. (CLMT) Leads Basic Materials Laggards with a drop of 3.72% on September 22

Calumet Specialty Products Partners L.P. (CLMT” target=”_new”>CLMT) was one of the weakest stocks in the basic materials sector of the NYSE and NASDAQ listed companies on September 22, skidding 3.72% to close the day at $5.17 after closing the day prior at $5.37. Throughout the day, shares of CLMT” target=”_new”>CLMT traded as high as $5.57 and as low as $5.1. Today’s decline came with about 599,836 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 $5.27 for CLMT” target=”_new”>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” target=”_new”>CLMT have traded as low as $3.42 and as high as $27.875. Technical traders will take note that at $5.17, shares of CLMT” target=”_new”>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.

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