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Ingevity Rises More Than 18% in 3 Months: What's Driving the Stock?
ZACKS· 2026-01-15 14:50
Key Takeaways NGVT stock rose 18.7% in 3 months, beating the specialty chemicals industry and the broader market.NGVT unlocked value by selling its CTO refinery assets for $110M, with up to $19M tied to future milestones.NGVT's acquisitions improved efficacy and margins, adding technologies and exposure to coatings and polymers.Ingevity Corporation’s (NGVT) shares have gained 18.7% over the past three months. The company has also outperformed the Zacks Chemical - Specialty industry’s 4.8% growth and the S&P ...