A Guide To The Risks Of Investing In Trinseo PLC (TSE)

EURN Stock
EURN Stock

Trinseo PLC’s recently made public that its Director Desmond Jeanmarie F. acquired Company’s shares for reported $71278.0 on Sep 08. In the deal valued at $25.01 per share,2,850 shares were bought. As a result of this transaction, Desmond Jeanmarie F. now holds 8,515 shares worth roughly $ 0.2 million.

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Then, Desmond Jeanmarie F. bought 1,335 shares, generating $33,989 in total proceeds. Upon buying the shares at $25.46, the Director now owns 5,665 shares.

Before that, COTE JEFFREY J bought 10,000 shares. Trinseo PLC shares valued at $317,600 were divested by the Director at a price of $31.76 per share. As a result of the transaction, COTE JEFFREY J now holds 30,117 shares, worth roughly $0.72 million.

Deutsche Bank downgraded its Trinseo PLC [TSE] rating to a Hold from a a Buy in a research note published on Friday, August 11, 2022; the price target was decreased to $34 from $42. PT values the company’s stock at a premium of 30.03 to its Friday closing price. TD Securities also remained covering TSE and has increased its forecast on July 21, 2021 with a “Buy” recommendation from previously “Hold” rating.

Price Performance Review of TSE

On Friday, Trinseo PLC [NYSE:TSE] saw its stock jump 8.58% to $23.79. On the same session, the stock had its day’s lowest price of $21.58, but rose to a high of $25.05. Over the last five days, the stock has gained 29.50%. Trinseo PLC shares have fallen nearly -54.65% since the year began. Nevertheless, the stocks have fallen -58.46% over the past one year. While a 52-week high of $60.00 was reached on 02/10/22, a 52-week low of $17.54 was recorded on 10/20/22. SMA at 50 days reached $21.65, while 200 days put it at $39.06. A total of 1.35 million shares were traded, compared to the trading of 1.53 million shares in the previous session.

Levels Of Support And Resistance For TSE Stock

The 24-hour chart illustrates a support level at 21.90, which if violated will result in even more drops to 20.00. On the upside, there is a resistance level at 25.37. A further resistance level may holdings at 26.94. The Relative Strength Index (RSI) on the 14-day chart is 68.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.78%. Stochastics %K at 85.58% indicates the stock is a selling.

How much short interest is there in Trinseo PLC?

A steep rise in short interest was recorded in Trinseo PLC stocks on Jul 14, 2022, growing by 0.48 million shares to a total of 1.71 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.23 million shares. There was a rise of 28.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.77% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.61.

Trinseo PLC [TSE] – Who Are The Largest Shareholders?

In filings from M&G Investment Management Ltd., it is revealed that the company now owns 7,625,044 shares, or roughly 21.80% of the outstanding TSE shares. In other words, the investor’s shares have fallen by -3,000 from its previous 13-F filing of 7628044.0. Additionally, BlackRock Fund Advisors decreased -5.05% of its stake after which the total value it holdings stand at $99,966,524, while Fidelity Management & Research Co reduced -9.35% of its stake to hold $49.67 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -103,610 shares of Trinseo PLC, while SSgA Funds Management, Inc. sold -61,257 shares. At present, Dimensional Fund Advisors LP is holding 1,415,204 shares valued at $25.93 million. Fuller & Thaler Asset Management, owned 1,065,248 shares of the company at the time of its most recent 13F filing, worth $19.52 million.

According to FactSet, Trinseo PLC’s share price will average $24.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -4.15 percent from its previous closing price of $21.91. Analysts expect Trinseo PLC stock to reach the higher price of $40.00, while the lowest price estimate is $20.00. However, 8 analysts have rated TSE stock as a Hold in their predictions for 2022.


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