Orbia Advance (ORBIA.MX) is a Mexican multinational company with a market capitalization of 74.87 billion MXN as of August 8, 2023. Formerly known as Mexichem, it operates in three main business sectors: Building and Infrastructure, Data Communications, and Precision Agriculture.
Founded in 1953, the company started as a producer of basic petrochemicals and has since diversified its operations into a wide range of specialty products and solutions. It has a global presence, serving customers in various industries, including construction, telecommunications, and agriculture.
The company went public in 1978, listing on the Mexican Stock Exchange (BMV) and becoming a significant player in the international markets. With a strong commitment to sustainability and innovation, Orbia Advance continues to expand its footprint and drive positive change in the industries it serves.
In August 2018, the share price of Orbia Advance reached a high of 67.640 MXN, marking the highest price that the stock has ever recorded. However, this price did not last since the stock's price started to fall, especially in early 2020, leading to a record low of 23.800 MXN in March 2020. This low point was caused by the Covid-19 pandemic, which adversely affected Orbia's business operations as well as the operations of other businesses in various market sectors.
Traders should develop and apply strategies and tools that could effectively analyze stock prices since just reading a chart could lead to weak conclusions. One viable option is swing trading which is mainly utilized to capture a short-term trend of stock price movement. It consists of entering a stock when its price is low and exiting when the price is high. In addition to the trading strategies mentioned, traders may also apply indicators and tools such as Bollinger Bands when trading.
If you're thinking about trading Orbia Advance stock, you need to know about its competitors in the market. They include:
- 3M Company (MMM.US) is an American multinational conglomerate known for its innovation and diverse product portfolio. Founded in 1902 as Minnesota Mining and Manufacturing Company, 3M has evolved into a global leader in various industries, including healthcare, consumer goods, and industrial manufacturing. The company's wide range of products includes adhesives, abrasives, healthcare solutions, and safety equipment.
- Honeywell (HON.US) is another American multinational conglomerate with a rich history dating back to 1906. It operates in multiple sectors, including aerospace, building technologies, and performance materials. Honeywell is a major player in providing advanced technologies for aircraft, buildings, and industrial applications. Its products range from aircraft engines and avionics to home thermostats and safety equipment.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.