Why Calumet Stock Topped the Market Today
A federal government agency granted refining exemptions that will help the company.
Overview
Oil products specialist Calumet (NASDAQ: CLMT) had some very positive, fundamentals-boosting news to report on Tuesday, and investors were there for it. They eagerly snapped up shares of the company, sending Calumet stock up 3% in a trading session that saw the bellwether S&P 500 index slump by 0.7%.
Calumet announced that the U.S. Environmental Protection Agency (EPA) notified it on Monday that the company had received full exemptions on two of its refinery petitions. These cover the operations of those facilities in the 2025 compliance year.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.