PPG’s Dulux Paints Selects the 2019 Colors of the Year



Dulux Paints

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.”

Article continues below advertisement

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.


More From Market Realist