M&G Shaved 2.4% of Methanex After a Near-Doubling
On May 13, 2026, M PLC disclosed it sold 303,555 shares of (NASDAQ:MEOH) in the first quarter, an estimated $15.27 million trade based on quarterly average pricing.
According to an SEC filing dated May 13, 2026, M PLC reduced its holdings in (NASDAQ:MEOH) by 303,555 shares during the first quarter. The estimated value of the shares sold is $15.27 million, calculated using the average unadjusted closing price for the period. The quarter-end value of the position increased by $236.93 million, a change reflecting both sales activity and share price appreciation.
Methanex is a leading global supplier of methanol, leveraging vertically integrated operations and a dedicated shipping fleet to serve industrial clients worldwide. The company’s scale, international logistics capabilities, and diversified sourcing provide resilience and flexibility in meeting customer needs. Methanex’s strategic focus on global distribution and operational efficiency positions it competitively within the chemicals sector.
Source Fool.com
Methanex Corp. Stock
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Methanex Corp..
As a result the target price of 43 € shows a slightly positive potential of 7.39% compared to the current price of 40.04 € for Methanex Corp..