Solstice Advanced Materials Moves Ahead of Sector
Solstice Advanced Materials shares gained Monday afternoon, with the stock up 0.9% at $84.95 as of 2:49 p.m. EDT. Solstice traded between $82.93 and $85.13. The move put Solstice ahead of the broader materials group, as investors seemed to focus more on nuclear and electronic-materials growth than on margin pressures. Timing is key here. Solstice is set to hold a nuclear-business webinar on June 4, which will let the Honeywell spin-off talk details on one of its quicker growth areas. Investors on record as of May 27 will also pick up a $0.075 per share dividend when the payout lands June 10.