The stock of Rentech, Inc. (NASDAQ:RTK) is a huge mover today! The stock decreased 6.45% or $0.2 on December 11, hitting $2.9. About 363,986 shares traded hands. Rentech, Inc. (NASDAQ:RTK) has risen 152.17% since May 11, 2015 and is uptrending. It has outperformed by 156.59% the S&P500.
The move comes after 8 months negative chart setup for the $71.33M company. It was reported on Dec, 12 by Barchart.com. We have $2.58 PT which if reached, will make NASDAQ:RTK worth $7.85M less.
According to Zacks Investment Research, “Rentech, Inc. has developed and own a proprietary and patented gas-to-liquids process that converts carbon bearing gases, liquids and solids into valuable liquid hydrocarbon products. The technology works with various feedstocks, including natural gas and industrial off-gas, heavy crude oil and refinery byproducts, and coal and petroleum coke, among other carbon-bearing materials.” Get a free copy of the Zacks research report on Rentech, Inc. (RTK).
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