January 17, 2012
Georgia Gulf Corporation (NYSE:GGC) turned bullish on the last trading day of the recent week.
On Friday (January, 13) the company experienced an unusual price surge of $8.45 or 34.52% per share to close the entire weekly session at $32.93. As a result of the notable changes in the company’s share price it was listed among the biggest gainers of the trading day.
Over the last three month stock trading tools registered the stable trading trend of GGC shares, which is mainly below the level of its 200-day moving average. Moreover, after the 50-day moving average of the company crossed above the 50-day moving average value on Wednesday GGC turned to the upward moving trend. However, according to the estimates of several stock market experts, the Chemical has a strong potential and is forecasted to face recovering in 2012.
Following the stock trading and buying signals as many as 8.25 million shares of the company exchanged hands amid the recent unusual moves. All in all, the company has 34.32 million outstanding shares.
At the current price the company’s market capitalization stands at $1.13 billion. GGC has a beta of 2.21 which means that the stock is more volatile than the market.
Georgia Gulf Corporation is a representative of the Chemical Manufacturing industry of the Basic Materials sector. The company operates in the areas of manufacturing and international marketing of two integrated product lines, including chlorovinyls and aromatics.