News Snapshot:
Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.01 and traded as high as $24.46. Sinopec Shanghai Petrochemical shares last traded at $24.33, with a volume of 9,390 shares traded. A number of research firms have weighed in on SHI. Zacks Investment Research downgraded shares of Sinopec Shanghai Petrochemical from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 31st. JPMorgan Chase & Co. started coverage on shares of Sinopec Shanghai Petrochemical in a research...
