Nexeo Solutions (NXEO) Given Daily News Sentiment Rating of 0.28
News stories about Nexeo Solutions (NASDAQ:NXEO) have trended positive on Monday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexeo Solutions earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.8774562362905 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Nexeo Solutions (NASDAQ:NXEO) traded down 0.37% on Monday, reaching $8.11. 51,553 shares of the company were exchanged. The stock’s 50-day moving average is $8.31 and its 200 day moving average is $8.88. The firm’s market capitalization is $723.59 million. Nexeo Solutions has a 12-month low of $7.13 and a 12-month high of $9.94.
Several brokerages have recently weighed in on NXEO. Jefferies Group LLC reissued a “hold” rating and issued a $9.50 price objective on shares of Nexeo Solutions in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Nexeo Solutions presently has an average rating of “Hold” and a consensus target price of $9.75.
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In other news, Director William Waldorf Astor III bought 10,850 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $9.05 per share, with a total value of $98,192.50. Following the completion of the purchase, the director now directly owns 31,603 shares in the company, valued at $286,007.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Park West Asset Management Llc sold 126,131 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $9.13, for a total value of $1,151,576.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,448,693 shares of company stock valued at $20,144,098. 0.07% of the stock is owned by insiders.
Nexeo Solutions Company Profile
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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