PolyOne Corporation (POL) Shares are Up 5.89%

PolyOne Corporation (POL) has been under a strong bear grip, hence the stock is down -2.49% 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 5.71% in the past 1 week. The stock has risen by 5.89% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.01% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.88% and the 50-Day Moving Average is 0.54%.The 200 Day SMA reached 4.74%


PolyOne Corporation (NYSE:POL): After opening at $33.74, the stock dipped to an intraday low of $33.32 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.22 and the buying power remained strong till the end. The stock closed at $33.81 for the day, a gain of 0.90% for the day session. The total traded volume was 1,476,035. The stocks close on the previous trading day was $33.81.

PolyOne Corporation (POL) : The most positive equity analysts on PolyOne Corporation (POL) expects the shares to touch $43, whereas, the least positive believes that the stock will trade at $36 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $40.4 with an expected fluctuation of $2.7 from the mean.

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.

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