PolyOne Corporation (POL) has been under a strong bear grip, hence the stock is down -10.13% 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 0.54% in the past 1 week. The stock has risen by 0.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.79% in the past 4 weeks.
PolyOne Corporation has dropped 5.99% during the last 3-month period . Year-to-Date the stock performance stands at 7.31%. The stock has recorded a 20-day Moving Average of 3.59% and the 50-Day Moving Average is 5.91%.
PolyOne Corporation (NYSE:POL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.11 and $32.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.83, notching a gain of 1.71% for the day. The total traded volume was 413,789 . The stock had closed at $33.26 on the previous day.
Also, Major Brokerage house, Goldman Sachs downgrades its ratings on PolyOne Corporation (NYSE:POL). In the latest research report, Goldman Sachs lowers the target price from $42 per share to $38 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 28, 2016.
PolyOne Corporation (PolyOne) is a provider of polymer materials, services and solutions. The Company offers specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions, and polymer distribution. The Company operates in five segments: Global Color, Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials, which offers polymer formulations, services and solutions; Designed Structures and Solutions, which provides solutions for engineered polymer structures, rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment, consists of the Geon Performance Materials (Geon) and Producer Services business units, and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions, which provides late-stage color injection in fiber applications utilizing liquid solutions.