Newmarket Corp (NYSE:NEU) Rises 0.45% to Record High

Newmarket Corp (NYSE:NEU) surged to a record high today, with an intraday gain of 0.45%.

The strategy of buying NEU shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 15.28%, slightly underperforming the market's average annual return of 19.55% over the same period. This indicates that while the strategy provided some growth, it was somewhat conservative and missed out on the broader market's performance.

Over the past year, NewMarket Corp has experienced a significant increase in its stock value, driven by strong fundamentals. This positive trend has been further bolstered by Ethic Inc.'s increased stake in the company during the fourth quarter, which has likely contributed to a more optimistic investor sentiment. However, Gotham Asset Management LLC reduced its holdings in NewMarket during the same period, indicating a mixed response from investors. Additionally, BNP Paribas Financial Markets holds a position in NewMarket, and the company has announced a dividend along with insider buying, both of which can influence stock prices. These recent developments provide insights into the factors affecting NewMarket's stock price movement.