In options markets, implied volatility for PPG stock price remains moderate, suggesting traders expect gradual appreciation rather than sharp swings. PPG Industries, a Zacks Rank #3 (Hold) stock, is benefiting from higher pricing across its segments, manufacturing efficiencies, cost discipline and efforts to grow its business through acquisitions amid headwinds from soft demand in Europe and China. The company is implementing a cost-cutting and restructuring strategy, as well as optimizing its working capital requirements. The cost savings generated by these restructuring initiatives will act as a tailwind for the company. PPG Industries has undertaken extensive restructuring efforts to reduce its cost structure, primarily focusing on regions and end markets with weak business conditions. The company achieved $15 million in incremental cost reductions through restructuring programs and acquisition synergies in the third quarter of 2023 and expects incremental savings of around $15 million in the fourth quarter. PPG Industries is also undertaking measures to grow business inorganically through value-creating acquisitions. Contributions from the acquisitions are expected to get reflected in its performance. Acquisitions, including Tikkurila, Worwag and Cetelon, are likely to contribute to its top line. Moreover, the company is raising selling prices across its business segments to offset the impact of raw material and other cost inflation and drive profitability. Significant progress has been made in increasing consolidated segment margins, which were about 15% in the third quarter of 2023, an increase of 260 basis points compared to the same quarter in 2022, aided by strong selling price realization. Pricing measures are likely to continue to support its margins in the fourth quarter. PPG Industries also remains committed to boost shareholder returns with cash deployment. It has an impressive record of returning cash to shareholders through dividends and share buybacks. The company, in July 2023, raised its quarterly dividend by around 5% to 65 cents per share. PPG paid dividends worth $153 million in the third quarter and $445 million during the first nine months of 2023. GameStop Stock is Moving Higher as its Free Cash Flow Grows Stronger PPG stock price finds intermediate support near $135, a level watched closely by traders as a key pivot in the ongoing uptrend.