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However, the stock has lost 6.6% in price over the past month and is currently trading 12.8% below its 52-week high of $43.24, which it hit on October 20, 2021.
In the fourth quarter, its raw material costs per ton are expected to be $5 – $10 higher than in the third quarter. Furthermore, inflationary pressures on production costs and supply chain constraints make the company’s near-term outlook uncertain.
