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Jefferies Downgrades Trinseo PLC (TSE) to a Hold from a Buy

Trinseo PLC’s filing revealed that its Director FARRELL MATTHEW acquired Company’s shares for reported $0.36 million on Dec 14 ’23. In the deal valued at $7.21 per share,50,000 shares were bought. As a result of this transaction, FARRELL MATTHEW now holds 79,510 shares worth roughly $0.25 million.

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Then, Stasse David Phillip bought 15,000 shares, generating $133,350 in total proceeds. Upon buying the shares at $8.89, the EVP AND CFO now owns 105,552 shares.

Before that, Desmond Jeanmarie F. bought 2,500 shares. Trinseo PLC shares valued at $19,850 were divested by the Director at a price of $7.94 per share. As a result of the transaction, Desmond Jeanmarie F. now holds 19,128 shares, worth roughly $60061.920000000006.

Jefferies downgraded its Trinseo PLC [TSE] rating to a Hold from a a Buy in a research note published on October 04, 2023; the price target was decreased to $9 from $22. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. TD Securities revised its rating on July 21, 2021. It rated TSE as “a Buy” which previously was an “a Hold”.

Price Performance Review of TSE

On Tuesday, Trinseo PLC [NYSE:TSE] saw its stock jump 6.08% to $3.14. Over the last five days, the stock has lost -1.57%. Trinseo PLC shares have fallen nearly -62.49% since the year began. Nevertheless, the stocks have fallen -75.92% over the past one year. While a 52-week high of $18.63 was reached on 01/02/24, a 52-week low of $2.59 was recorded on 05/02/24. SMA at 50 days reached $3.58, while 200 days put it at $6.66. A total of 0.64 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For TSE Stock

The 24-hour chart illustrates a support level at 2.99, which if violated will result in even more drops to 2.83. On the upside, there is a resistance level at 3.22. A further resistance level may holdings at 3.30. The Relative Strength Index (RSI) on the 14-day chart is 48.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.43%. Stochastics %K at 40.82% indicates the stock is a holding.

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