PPG Industries to exhibit at LBM Expo
The annual Lumber and Building Materials (or LBM) Expo will be held from February 14 to 16 at the Rhode Island Convention Center. This conference attracts a large gathering of independent lumber dealers and professionals and provides updates on new products and industry information.
Among the participants, PPG Industries (PPG) plans to exhibit its PPG MachineCoat and PPG DuraColor.
During the LBM Expo, PPG Industries (PPG) plans to compare its machine-applied coatings with other coatings applied in the field. PPG claims that machine-applied coatings cover every edge and corner for a high-quality finish.
PPG MachineCoat is an exterior coating for wood substrates. PPG Duracolor is an exterior coating for fiber cement and composite substrates. These coatings are designed to protect these surfaces against harsh conditions and UV exposure.
PPG’s stock update
The global sell-off in the week ended February 9 impacted PPG Industries (PPG). PPG stock fell 2.8% and closed at $112.37 for the week ended February 9, 2018. The decline in its stock price had reversed its moving average trend. PPG traded 2.5% below its 100-day moving average price of $115.22.
Since the beginning of 2018, PPG has fallen 3.8%. Its peers Sherwin-Williams (SHW), RPM International (RPM), and Axalta (AXTA) fell ~2.8%, ~8.3%, and 5.5%, respectively. PPG’s 14-day relative strength index (or RSI) of 42 indicates that the stock is neither overbought nor oversold.
Investors can indirectly hold PPG by investing in the Guggenheim S&P 500 Equal Weight Materials ETF (RTM). February 9, 2018, RTM invested 3.8% of its portfolio in PPG Industries.