The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. James Hardie Industries plc (NYSE:JHX) On May 20, James Hardie Industries reported worse-than-expected fourth-quarter financial

Top Stories for May 16, 2024: 1. American Battery Technology (NASDAQ:ABAT) completed construction and is ramping up production at its Nevada lithium-ion battery recycling facility, which can process 20,000 metric tons of battery feedstock per year. In March 2024, it received $60 million in U.S. Department of Energy/IRS 48C tax credits to support its recycling facilities, and it’s negotiating the monetization of these credits.  The company is also working on a $10 million DOE grant for advanced battery recycling technologies and a $57.5 million DOE grant for a commercial-scale lithium hydroxide refinery. Additionally, ABAT's updated economic assessment for its Tonopah Flats Li

Top Stories for May 9, 2024: Piedmont Lithium (NASDAQ:PLL) reported Q1 results with a record production of 40,439 dry metric tons (dmt) at North American Lithium, which achieved record lithium recoveries of 69%.  The company expects full run-rate production in the second half of the year and plans to ship about 126,000 dmt for the full year, primarily in the second half.  Revenue reached $13.4 million from sales of 15,500 dmt of spodumene concentrate, with $71.4 million in cash on hand as of March 31, 2024.  Piedmont anticipates shipment volumes to double and investment costs to halve in the second half of 2024. A mining permit for Carolina Lithium was also issued in May 202

Tredegar (NYSE:TG) reported quarterly earnings of $0.16 per share. This is a 128.57 percent increase over earnings of $0.07 per share from the same period last year. The company reported $175.74 million in sales this quarter. This is a 8.05 percent decrease over sales of $191.12 million the same period last year.

Tredegar (NYSE:TG) reported quarterly losses of $(0.16) per share. This is a 328.57 percent decrease over earnings of $0.07 per share from the same period last year. The company reported $175.74 million in sales this quarter. This is a 8.05 percent decrease over sales of $191.12 million the same period last year.

Tredegar (NYSE:TG) reported quarterly losses of $(0.16) per share. This is a 328.57 percent decrease over earnings of $0.07 per share from the same period last year. The company reported $114.22 million in sales this quarter. This is a 40.24 percent decrease over sales of $191.12 million the same period last year.

1. Anglo American rejected BHP Group's (NYSE:BHP) $39B bid, triggering a potential bidding war with Glencore (OTC:GLCNF).  Glencore’s interest arises amid BHP’s revised approach to divest South African assets.  Anglo holds crucial copper reserves in Chile and Peru, with Glencore's stake in Collahuasi adding intrigue.  However, Glencore’s $6.9 billion Teck coal acquisition and political and regulatory complexities in South Africa heighten the situation, including upcoming national elections, complicate the matter.  BHP faces a May 22 deadline for a new bid. 2. Gold Resource (AMEX:GORO) reported Q1 results from its Don David Gold Mine in Oaxaca, Mexico, and provided a corporate

- Bloomberg

As of April 3, 2024, five stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Arq, Inc. (NASDAQ:ARQ) On March 12, Arq reported better-than-expected fourth-quarter financial resu

Top Stories for March 15, 2024: 1. Chief Executive Officer of Cleveland-Cliffs (NYSE:CLF) Lourenco Goncalves said he is considering another bid for U.S. Steel (NYSE:X) if the current Nippon Steel deal falls apart. Goncalves added that he would have the backing of the steelworkers union but the bid would be a significantly lower price than the existing offer by Nippon. For context, Nippon Steel's proposed 14.9 billion acquisition of U.S. Steel has come under increased scrutiny recently. Several government officials including President Joe Biden have openly opposed the deal on the grounds of national security and the importance of keeping domestic steel production strong. 2. Tre

Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", )) today reported third quarter financial results for the period ended September 30, 2024. Third quarter 2024 net income (loss) was $(3.9) million ($(0.11) per diluted share) compared to $(50.4) million ($(1.47) per diluted share) in the third quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $0.2 million ($0.01 per diluted share) in the third quarter of 2024 compared with $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting principles

Tredegar Corporation (NYSE:TG) ("Tredegar") announced today that it has completed the previously announced sale of Terphane, its flexible packaging films business headquartered in Brazil, to Oben Group ("Oben"). Commenting on the sale, John Steitz, Tredegar's president and chief executive officer said, "The sale of Terphane completes a strategic goal that we've been working on for well over a year. We believe that Terphane will have greater scale and growth opportunities with Oben, a global player in the highly competitive flexible films industry. We wish the best for the employees and stakeholders of Terphane and Oben." Gonzalo Belaunde, Oben's chief executive officer, said, "We are plea

Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:TG) and a leader in high-quality masking films, is excited to announce the launch of its latest packaging film, Optennia. This innovative packaging solution is now available through our extensive distribution channels, providing superior protection and performance while supporting sustainability goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031151965/en/Optennia is the ultimate packaging solution that combines durability and functionality with environmental responsibility. (Photo: Business Wire) "Tredegar Surface Protection is committed to sustaina

Tredegar Corporation (NYSE:TG) announced today that Brazil's Administrative Council for Economic Defense ("CADE") approved a merger control agreement allowing Tredegar to proceed with the sale of Terphane, its flexible packaging business headquartered in Brazil, to Oben Group. The conditions contained in the merger control agreement, mainly comprised of post-closing commitments for Oben to address certain competition concerns, are expected to be met with closing of the transaction planned for November 1, 2024. On September 1, 2023, Tredegar entered into an agreement to sell Terphane to Oben for net cash-free and debt-free base consideration of $116 million. Tredegar expects to realize afte

Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:TG) and a leader in high-quality masking films, is excited to announce the launch of Obsidian Automotive Protective Films. Designed to meet the evolving needs of the automotive industry, these innovative films offer unparalleled performance and protection. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009921105/en/Obsidian sets a new standard for high-quality protective films in the automotive industry. The Obsidian line includes a range of protective films tailored for various applications: AUTOMOTIVE INTERIOR: Automotive Displays Augmented Reality

Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), is proud to partner with the Aluminum Extruders Council (AEC) and the U.S. Department of Labor (DOL) to create an industry-specific Apprenticeship Program. The program's main goal is to offer potential workers a true career path in aluminum extrusions by developing needed skills in a structured program with national accreditation and potential funding from the DOL. The program is also available to existing employees who want to pursue a career path in a particular trade. Rolled out in 2023, Phase I of the AEC Apprenticeship Program initiative is designed to help members recruit, hire, and train Industrial Maintenance Technic

Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), is pleased with the U.S. Department of Commerce's final ruling to institute anti-dumping and countervailing duties on unfairly traded imports of aluminum extrusions from 14 countries. Additional details are available in the press release issued by The U.S. Aluminum Extruders Coalition on September 27, 2024: Read the full press release >> About Bonnell Aluminum Bonnell Aluminum is a subsidiary of Tredegar Corporation (NYSE:TG). The Company is a leading manufacturer of custom-fabricated and finished aluminum extrusions serving the building and construction, automotive and transportation, consumer durables, machinery and equ

Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported second quarter financial results for the period ended June 30, 2024. Second quarter 2024 net income (loss) was $8.8 million ($0.26 per diluted share) compared to $(18.9) million ($(0.56) per diluted share) in the second quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $10.3 million ($0.30 per diluted share) in the second quarter of 2024 compared with $(2.0) million ($(0.06) per diluted share) in the second quarter of 2023. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting principles (

Tredegar Corporation (NYSE:TG) plans to release financial results for the second quarter of 2024 on August 7, 2024. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2023 sales from continuing operations of $705 million. With approximately 1,900 employees, the Company operates manufacturing facilities in North America, South America, and Asia. Vi

Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), commends the Biden administration's proclamation to strengthen the rules to qualify for trade benefits between the U.S. and Mexico. Under this proclamation, for aluminum to qualify for relief from the Section 232 Tariff, the "smelted and cast" requirement prohibits preferential treatment for imports where the primary country of smelt, secondary country of smelt, or country of most recent cast was Belarus, China, Russia, or Iran. This negotiated requirement recognizes the inherent unfair trade practice which occurs when U.S. trading partners can process subsidized metal from countries like China and Russia. Additional deta

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Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported second quarter financial results for the period ended June 30, 2024. Second quarter 2024 net income (loss) was $8.8 million ($0.26 per diluted share) compared to $(18.9) million ($(0.56) per diluted share) in the second quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $10.3 million ($0.30 per diluted share) in the second quarter of 2024 compared with $(2.0) million ($(0.06) per diluted share) in the second quarter of 2023. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting principles (

Tredegar Corporation (NYSE:TG) plans to release financial results for the second quarter of 2024 on August 7, 2024. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2023 sales from continuing operations of $705 million. With approximately 1,900 employees, the Company operates manufacturing facilities in North America, South America, and Asia. Vi

Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported first quarter financial results for the period ended March 31, 2024. First quarter 2024 net income (loss) was $3.3 million ($0.10 per diluted share) compared to net income (loss) of $(1.0) million ($(0.03) per diluted share) in the first quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $5.6 million ($0.16 per diluted share) in the first quarter of 2024 compared with $2.5 million ($0.07 per diluted share) in the first quarter of 2023. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting p

Tredegar Corporation (NYSE:TG) plans to release financial results for the fourth quarter of 2023 on March 15, 2024. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2022 sales from continuing operations of $939 million. With approximately 2,000 employees, the Company operates manufacturing facilities in North America, South America, and Asia. Vi

Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported third quarter financial results for the period ended September 30, 2023. Third quarter 2023 net income (loss) was $(50.4) million ($(1.47) per diluted share) compared to net income (loss) of $1.0 million ($0.03 per diluted share) in the third quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023 compared with $4.8 million ($0.14 per diluted share) in the third quarter of 2022. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted acc

Tredegar Corporation (NYSE:TG) plans to release financial results for the second quarter of 2023 on August 9, 2023. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2022 sales from continuing operations of $939 million. View source version on businesswire.com: https://www.businesswire.com/news/home/20230801555122/en/

Tredegar Corporation (NYSE:TG, also the ", Company", or ", Tredegar", ))) today reported first quarter financial results for the period ended March 31, 2023. First quarter 2023 net income (loss) was $(1.0) million ($(0.03) per diluted share) compared to net income (loss) of $16.4 million ($0.49 per diluted share) in the first quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $2.5 million ($0.07 per diluted share) in the first quarter of 2023 compared with $16.8 million ($0.50 per diluted share) in the first quarter of 2022. A reconciliation of net income (loss), a financial measure calculated in accordance with U.S. generally accepted accounting

The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of thirteen cents ($0.13) per share on the company's common stock. The dividend is payable on July 3, 2023 to shareholders of record at the close of business on June 19, 2023. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2022 sales of $939 million. With app

Tredegar Corporation (NYSE:TG, also the "Company" or "Tredegar"))) today reported fourth quarter and full year financial results for the period ended December 31, 2022. Fourth quarter 2022 net income (loss) from continuing operations was $(3.9) million ($(0.11) per diluted share) compared to $21.4 million ($0.63 per diluted share) in the fourth quarter of 2021. Net income (loss) from ongoing operations, which excludes special items, was $0.5 million ($0.02 per diluted share) in the fourth quarter of 2022 compared to $6.2 million ($0.18 per diluted share) in the fourth quarter of 2021. Full year 2022 net income (loss) from continuing operations was $28.4 million ($0.84 per diluted share) c

The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of thirteen cents ($0.13) per share on the company's common stock. The dividend is payable on April 1, 2023 to shareholders of record at the close of business on March 24, 2023. Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2021 sales from continuing operatio