Kraton Performance Polymers Inc (KRA) has been under a strong bear grip, hence the stock is down -2.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.73% in the past 1 week. The stock has risen by 2.78% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.77% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 4.95%. Kraton Performance Polymers Inc (NYSE:KRA): On Fridays trading session , Opening price of the stock was $32.08 with an intraday high of $32.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.75. However, the stock managed to close at $29.91, a loss of 8.59% for the day. On the previous day, the stock had closed at $32.72. The total traded volume of the day was 1,254,193 shares.
The company Insiders own 5.01% of Kraton Performance Polymers Inc shares according to the proxy statements. Institutional Investors own 96.87% of Kraton Performance Polymers Inc shares. Also, Equity Analysts at the SunTrust Robinson Humphrey maintains the rating on Kraton Performance Polymers Inc (NYSE:KRA). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $39 per share to $41 per share. The rating by the firm was issued on August 1, 2016.
Kraton Performance Polymers, Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Companys products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools. Its products are also used to impart tack and shear properties in a wide variety of adhesive products and to impart characteristics such as, flexibility and durability in sealants and corrosion resistance in coatings. It also produces Cariflex isoprene rubber and isoprene rubber latex. Its Cariflex products are used in applications such as surgical gloves and condoms. It manufactures its polymers at five manufacturing facilities globally, including its flagship facility in Belpre, Ohio, as well as facilities in Germany, France, Brazil and Japan. The facility in Japan is operated by an unconsolidated manufacturing joint venture.