Director of government affairs
In a press release on March 19, PPG Industries (PPG) announced that it appointed Emily Elizer as the director of government affairs effective on March 18. As the director of government affairs, Elizer will lead PPG Industries’ government affairs activities, which include international and domestic public policy, political engagement, the PPG Political Action Committee, and other related compliance activities.
Before joining PPG Industries, Elizer was associated with the National Rifle Association as the state director. She was responsible for representing the organization and its members before state and local elected officials in Delaware.
Bryan Lams, PPG Industries’ vice president of corporate and government affairs, said, “Emily’s extensive experience in developing bipartisan relationships with key officials, coordinating grassroots advocacy campaigns and securing economic development incentives will make her an invaluable member of our government affairs team.”
Stock price updates
PPG Industries’ stock price fell 3.0% and closed at $106.69 for the week ending March 22. J.P. Morgan’s downgrade was likely the main reason for the lower price. J.P. Morgan expects that first-quarter headwinds in the end markets could have a negative impact on PPG Industries. Despite the sharp decline in PPG Industries’ stock price, the stock traded 0.9% above its 100-day moving average price of $105.70. The company’s 14-day relative strength index is at 40, which indicates that the stock isn’t overbought or oversold.
Investors could hold PPG Industries indirectly by investing in the iShares U.S. Basic Materials ETF (IYM). IYM fell 2.6% during the week. IYM has invested ~4.3% of its portfolio in PPG Industries as of March 22.