Trinseo PLC’s filing revealed that its Director COTE JEFFREY J acquired Company’s shares for reported $0.28 million on Aug 16 ’24. In the deal valued at $2.81 per share,100,000 shares were bought. As a result of this transaction, COTE JEFFREY J now holds 100,000 shares worth roughly $0.43 million.
Then, COTE JEFFREY J bought 50,600 shares, generating $171,534 in total proceeds. Upon buying the shares at $3.39, the Director now owns 150,600 shares.
Before that, TOMKINS MARK E sold 11,142 shares. Trinseo PLC shares valued at $28,301 were divested by the Director at a price of $2.54 per share. As a result of the transaction, TOMKINS MARK E now holds 46,724 shares, worth roughly $0.2 million.
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 Friday, Trinseo PLC [NYSE:TSE] saw its stock unchanged to $4.35. Over the last five days, the stock has gained 1.64%. Trinseo PLC shares have fallen nearly -14.71% since the year began. Nevertheless, the stocks have fallen -21.76% over the past one year. While a 52-week high of $7.05 was reached on 01/02/25, a 52-week low of $1.93 was recorded on 01/13/25. SMA at 50 days reached $4.54, while 200 days put it at $3.85.
Levels Of Support And Resistance For TSE Stock
The 24-hour chart illustrates a support level at 4.28, which if violated will result in even more drops to 4.20. On the upside, there is a resistance level at 4.45. A further resistance level may holdings at 4.55. The Relative Strength Index (RSI) on the 14-day chart is 42.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.46%. Stochastics %K at 23.81% indicates the stock is a holding.
How much short interest is there in Trinseo PLC?
A steep rise in short interest was recorded in Trinseo PLC stocks on 2024-12-31, dropping by -0.51 million shares to a total of 0.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.44 million shares. There was a decline of -55.05%, which implies that there is a negative sentiment for the stock.
