PolyOne Corporation (POL) : During the past 4 weeks, traders have been relatively bearish on PolyOne Corporation (POL), hence the stock is down -12.81% 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 -5.23% relative to the S&P 500. The 4-week change in the price of the stock is -11.91% and the stock has fallen -5.18% in the past 1 week.
The stock has recorded a 20-day Moving Average of 7.08% and the 50-Day Moving Average is 7.54%. PolyOne Corporation (NYSE:POL): On Fridays trading session , Opening price of the stock was $33.83 with an intraday high of $34.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.28. However, the stock managed to close at $33.66, a loss of 0.71% for the day. On the previous day, the stock had closed at $33.9. The total traded volume of the day was 841,883 shares.
The company Insiders own 1.62% of PolyOne Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -45.98% . Institutional Investors own 92.99% of PolyOne Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -45.98%. Also, In the latest statement by the brokerage house, Goldman Sachs downgrades its outlook on PolyOne Corporation (NYSE:POL). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm lowers the price target from $42 per share to $38 per share. The rating by the firm was issued on July 28, 2016.
PolyOne Corporation (PolyOne) is a provider of polymer materials, services and solutions. The Company offers specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions, and polymer distribution. The Company operates in five segments: Global Color, Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials, which offers polymer formulations, services and solutions; Designed Structures and Solutions, which provides solutions for engineered polymer structures, rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment, consists of the Geon Performance Materials (Geon) and Producer Services business units, and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions, which provides late-stage color injection in fiber applications utilizing liquid solutions.