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Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
11:36 AM MDT | March 17, 2011
The CW 75 Index tumbled 4.7% for the week ended March 15, in line with broader market indexes. The stock market fell on concerns that the March 11 earthquake in Japan may slow global economic growth. Basic chemical stocks dropped 8.7% and diversified chemical shares fell 4.7%. Specialty chemical stocks declined only 1.2% because Lubrizol’s share price jumped 26% on news that Berkshire Hathaway plans to buy the company for $135/share, a 28% premium above its March 11 closing price. Seven companies rose, with Lubrizol topping the leaders’ list; five...
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