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Stock Investors Sell Off Shares of PPG Industries, Down 1.9%

Print Share

Jan 16, 2013 (Market movers via COMTEX) -- One of today's stocks on the move is PPG Industries (NYSE:PPG), down 1.9% to $137.52. The Dow Jones Industrial Average is now trading 0.3% lower to 13,498 and the S&P is trading fractionally lower to 1,470.

In the past 52 weeks, shares of PPG Industries have traded between a low of $86.74 and a high of $142.87 and are now at $137.52, which is 59% above that low price. The 200-day and 50-day moving averages have moved 0.61% higher and 1.08% higher over the past week, respectively.

PPG Industries, Inc. supplies products for the manufacturing, construction, automotive, chemical processing, and other industries worldwide. The Company makes protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals.

Potential upside of 4.2% exists for PPG Industries, based on a current level of $137.52 and analysts' average consensus price target of $143.35. PPG Industries shares have support at the 50-day moving average (MA) of $127.42 and additional support at the 200-day MA of $112.47.

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