CLMT Stock Summary and Trading Ideas (Calumet Specialty Prods | NASDAQ:CLMT)

Calumet Specialty Products Partners LP is an independent producer of specialty products, including lubricating oils, solvents, waxes, food-grade white oils, pharmaceutical-grade petrolatums, and other products, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company operates through four segments namely the Specialty Products and Solutions segment, Montana/Renewables segment, Performance Brands segment, and corporate. The company generates the majority of its revenue from the Specialty Products and solutions segment, which consists of our customer-focused solutions and formulations businesses, covering multiple specialty product lines, anchored by a unique integrated complex in Northwest Louisiana.

Calumet Specialty Prods trades on the NASDAQ stock market under the symbol CLMT.

As of April 19, 2024, CLMT stock price declined to $14.98 with 47,391 million shares trading.

CLMT has a beta of 0.92, meaning it tends to be less sensitive to market movements. CLMT has a correlation of 0.07 to the broad based SPY ETF.

CLMT has a market cap of $1.20 billion. This is considered a Small Cap stock.

In the last 3 years, CLMT stock traded as high as $20.50 and as low as $5.27.

CLMT has underperformed the market in the last year with a return of -9.3%, while the SPY ETF gained +21.2%. In the last 3 month period, CLMT fell short of the market, returning -8.0%, while SPY returned +4.3%. However, in the most recent 2 weeks CLMT has outperformed the stock market by returning -2.1%, while SPY returned -3.5%.

CLMT support price is $14.76 and resistance is $15.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLMT stock will trade within this expected range on the day.