Bubbling Chemical Names
Earlier this week, chemical maker H.B. Fuller (FUL) jumped 8.1% to $31.06 in nearly triple its average trading volume. The move followed the company's second-quarter report, which saw the company raise its yearly earnings outlook, boosted by its March acquisition of Forbo Holdings' adhesives unit.
H.B. Fuller shares have been consolidating since mid-May, living below their 50-day moving average for much of that time. Tuesday's action brought it to within 0.5% of that price line. This is a small company, with a market capitalization of $1.5 billion. The stock trades around 373,000 shares per day. As with many smaller stocks, it has a high beta -- 1.47....403 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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