Trinseo S.a. (TSE): Michel Plantevin , director 10% owner of Trinseo S.a. sold 8,000,000 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $42.90 per share for a total value of $3432 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, Aurelien Vasseur (director 10% owner) sold 8,000,000 shares at $42.90 per share price.On May 16, 2016, Felix Hauser (director 10% owner) sold 8,000,000 shares at $42.90 per share price.Also, On May 16, 2016, Stephen M Zide (director 10% owner) sold 8,000,000 shares at $42.90 per share price.On May 16, 2016, Stephen F. Thomas (director 10% owner) sold 8,000,000 shares at $42.90 per share price.
Shares of Trinseo S.A. (TSE) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.46 points or -1.04% at $43.66 with 8,13,498 shares getting traded. Post opening the session at $44.12, the shares hit an intraday low of $43.46 and an intraday high of $44.61 and the price vacillated in this range throughout the day. The company has a market cap of $2,058 M and the number of outstanding shares has been calculated to be 4,71,40,870 shares. The 52-week high of Trinseo S.A. is $47.57 and the 52-week low is $21.92.
Company has been under the radar of several Street Analysts.Trinseo S.A. is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 39 from a previous price target of $34 .The Rating was issued on Mar 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.