Trinseo S.A. (TSE) : Traders are bullish on Trinseo S.A. (TSE) as it has outperformed the S&P 500 by a wide margin of 4.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.82% in the last 1 week, and is up 5.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.92% and the 50-Day Moving Average is 12.42%. Trinseo S.A. (NYSE:TSE): stock turned positive on Friday. Though the stock opened at $53.34, the bulls momentum made the stock top out at $54.94 level for the day. The stock recorded a low of $53.34 and closed the trading day at $53.79, in the green by 0.82%. The total traded volume for the day was 951,550. The stock had closed at $53.35 in the previous days trading.
The company Insiders own 0.45% of Trinseo S.A. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 24.72% . During last six month period, the net percent change held by insiders has seen a change of 13.13%. Also, Equity Analysts at the Citigroup maintains the rating on Trinseo S.A. (NYSE:TSE). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $53 per share to $55 per share. The rating by the firm was issued on August 4, 2016.
Trinseo S.A. is a materials company engaged in the manufacture and marketing of emulsion polymers and plastics, including various specialty and technologically differentiated products. The company operates in four segments under two business units. Its Emulsion Polymers business unit includes its Latex segment and its Synthetic Rubber segment. Its Plastics business unit includes its Styrenics segment and its Engineered Polymers segment. The Latex segment produces SB latex primarily for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications. The Synthetic Rubber segment produces synthetic rubber products used predominantly in tires, with additional applications in polymer modification and technical rubber goods. The Styrenics and Engineered Polymers segments offer plastics products with formulations developed for durable applications, such as consumer electronics, automotive and construction.