On August 17, PPG Industries’ (PPG) Dulux Paints announced the 2019 colors of the year. Dulux announced two deep greens as the 2019 colors of the year:
- Night Watch (DLX1145-7)—a new color collection
- Mojito Shimmer (036VS)
Martin Tustin-Fuchs, PPG Industries’ brand manager, said, “Both of these colours represent the ultimate in luxe, delivering a rich, striking look that brings sophistication and depth to living spaces. An evolution from last year’s popular tinted black, these glamourous dark greens are symbolic of consumers’ desire for positive change – to move from darkness to twilight and to search for an element of rebirth in today’s complex, technologically-driven world.”
Stock price updates
PPG Industries stock declined and closed at $108.42 for the week ending August 17. The gains helped the stock reduce the gap of its 100-day moving average price. PPG Industries traded 2.0% below its 100-day moving average price of $106.28, which indicates a downward trend in the stock.
PPG Industries stock has been struggling in 2018—the stock is still in the red. On a year-to-date basis, PPG Industries stock has declined 8.25%. Sherwin-Williams (SHW) and RPM International (RPM) have gained 7.25 and 19.6%, respectively, while Axalta (AXTA) has declined 7.2%. Analysts expect PPG Industries’ target price to be $120.38, which implies a return potential of 11.0% over the closing price as of August 17. PPG Industries’ 14-day RSI of 54 indicates that the stock isn’t overbought or oversold.
Investors can hold PPG Industries indirectly by investing in the Guggenheim S&P 500 Equal Weight Materials ETF (RTM). RTM invests 4.6% of its portfolio in PPG Industries. RTM declined 1.1% last week.