News Snapshot:
Sinopec Shanghai Petrochemical Company Limited ( NYSE:SHI – Get Rating )’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $17.02 and last traded at $17.16, with a volume of 18887 shares trading hands. The stock had previously closed at $17.69. Several research firms have recently weighed in on SHI. StockNews.com assumed coverage on Sinopec Shanghai Petrochemical in a report on Sunday, May 8th. They issued a “buy” rating for the company. Morgan Stanley cut shares of Sinopec Shanghai Petrochemical from an “overweight” rating to an “equal weight” rating in a research note...
