NewMarket traded at $678.81 this Monday February 2nd, increasing $8.02 or 1.20 percent since the previous trading session. Looking back, over the last four weeks, NewMarket gained 3.47 percent. Over the last 12 months, its price rose by 40.05 percent. Looking ahead, we forecast NewMarket to be priced at 650.13 by the end of this quarter and at 591.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development). The Company develops and manufactures highly formulated lubricant and fuel additive packages and markets and sells these products worldwide. Ethyl provides contracted manufacturing and services to Afton and third parties and is a marketer of antiknock compounds in North America. The Company's petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. The Company manufactures chemical components that are selected to perform one or more specific functions and combines those chemicals with other chemicals or components to form additive packages for use in specified end user applications.