OMNOVA Solutions (OMN) Shares are Up 3.05%

OMNOVA Solutions (OMN) has been under a strong bear grip, hence the stock is down -17.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.88% in the past 1 week. The stock has risen by 3.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -17.66% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 10.57% and the 50-Day Moving Average is 10.46%.The 200 Day SMA reached 19.06%


OMNOVA Solutions (NYSE:OMN): After opening at $8.22, the stock dipped to an intraday low of $8.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.53 and the buying power remained strong till the end. The stock closed at $8.44 for the day, a gain of 4.84% for the day session. The total traded volume was 622,691. The stocks close on the previous trading day was $8.44.

OMNOVA Solutions (OMN) stock is expected to deviate a maximum of $1.77 from the average target price of $10.75 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $10.

OMNOVA Solutions Inc. (OMNOVA) is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company operates in two segments: Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene (SB), styrene butadiene acrylonitrile (SBA), styrene butadiene vinyl pyridine, nitrile butadiene (NBR), polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemicals and bio-based chemistries. The Engineered Surfaces segment develops, designs, produces, and markets a line of functional and decorative surfacing products, including coated fabrics, laminates and industrial films. The Company sells its products directly to manufacturers. The Company has manufacturing facilities located in the United States, France, China, India and Thailand.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.