A. Schulman (SHLM) : During the past 4 weeks, traders have been relatively bearish on A. Schulman (SHLM), hence the stock is down -23.94% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -26.32% relative to the S&P 500. The 4-week change in the price of the stock is -23.15% and the stock has fallen -26.28% in the past 1 week.
The stock has recorded a 20-day Moving Average of 23.52% and the 50-Day Moving Average is 16.3%. A. Schulman (NASDAQ:SHLM): stock turned positive on Friday. Though the stock opened at $22, the bulls momentum made the stock top out at $22.46 level for the day. The stock recorded a low of $21.655 and closed the trading day at $21.94, in the green by 0.23%. The total traded volume for the day was 803,787. The stock had closed at $21.89 in the previous days trading.
The company Insiders own 3.44% of A. Schulman shares according to the proxy statements. Institutional Investors own 91.62% of A. Schulman shares. Also, Brokerage firm Longbow Research downgrades its rating on A. Schulman (NASDAQ:SHLM). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 11, 2016.
A. Schulman, Inc. is a supplier of plastic formulations, resins and services. The Companys segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services. The Company offers powdered, pelletized and liquid color concentrates that are designed to enhance thermoplastic resins. The Companys distribution services offerings include specialty polymers for all processing types, including injection molding, blow molding, thermoforming, and film and sheet extruding. The Companys customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.