LYB Stock Summary and Trading Ideas (Lyondellbasell Industries Nv Ordinary Shares Class A (Netherlands) | NYSE:LYB)

LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production comes from its North American operations.

Lyondellbasell Industries Nv Ordinary Shares Class A (Netherlands) trades on the NYSE stock market under the symbol LYB.

As of April 19, 2024, LYB stock price climbed to $100.04 with 357,007 million shares trading.

LYB has a beta of 0.87, meaning it tends to be less sensitive to market movements. LYB has a correlation of 0.28 to the broad based SPY ETF.

LYB has a market cap of $32.56 billion. This is considered a Large Cap stock.

Last quarter Lyondellbasell Industries Nv Ordinary Shares Class A (Netherlands) reported $10 billion in Revenue and $1.26 earnings per share. This beat revenue expectation by $89 million and missed earnings estimates by -$.05.

In the last 3 years, LYB stock traded as high as $118.02 and as low as $71.46.

The top ETF exchange traded funds that LYB belongs to (by Net Assets): VTI, VOO, SCHD, VO, COWZ.

LYB has underperformed the market in the last year with a price return of +8.1% while the SPY ETF gained +21.3%. However, in the short term, LYB had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.6% vs +4.3% return in SPY. But in the last 2 weeks, LYB shares have been beat by the market, returning -4.2% compared to an SPY return of -3.4%.

LYB support price is $98.21 and resistance is $100.59 (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 LYB stock will trade within this expected range on the day.