NEU Stock Summary and Trading Ideas (Newmarket | NYSE:NEU)

NewMarket Corp is a holding company that, through its subsidiaries, manufactures and sells petroleum additives. Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. It comprises two broad product applications. Lubricant additives are formulated chemical solutions that, when blended with base fluids, improve the efficiency, durability, performance, and functionality of mineral oils, synthetic oils, and biodegradable fluids. Fuel additives are chemical components that help oil refiners meet fuel specifications or formulated packages that improve the performance of gasoline, diesel, biofuels, and other fuels.

Newmarket trades on the NYSE stock market under the symbol NEU.

As of April 24, 2024, NEU stock price declined to $583.25 with 46,154 million shares trading.

NEU has a beta of 0.51, meaning it tends to be less sensitive to market movements. NEU has a correlation of 0.10 to the broad based SPY ETF.

NEU has a market cap of $5.59 billion. This is considered a Mid Cap stock.

In the last 3 years, NEU stock traded as high as $650.00 and as low as $280.28.

The top ETF exchange traded funds that NEU belongs to (by Net Assets): VTI, IJH, VB, COWZ, VBK.

NEU has outperformed the market in the last year with a return of +60.5%, while the SPY ETF gained +24.2%. However, in the most recent history, NEU shares have underperformed the stock market with its stock returning -1.1% in the last 3 month period and -3.3% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

NEU support price is $577.71 and resistance is $595.49 (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 NEU stock will trade within this expected range on the day.