Somewhat Positive Press Coverage Somewhat Unlikely to Impact Nexeo Solutions (NXEO) Stock Price
Press coverage about Nexeo Solutions (NASDAQ:NXEO) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nexeo Solutions earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.802571018386 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks Investment Research Lowers NEXEO SOLUTIONS (NXEO) to Sell (americanbankingnews.com)
- Nexeo Solutions (NXEO) Insider Purchases $17,900.00 in Stock (americanbankingnews.com)
- Financial Contrast: Nexeo Solutions (NXEO) versus Univar (UNVR) (americanbankingnews.com)
- Nexeo Solutions (NXEO) Major Shareholder Buys $1,759,170.00 in Stock (americanbankingnews.com)
Shares of Nexeo Solutions (NASDAQ NXEO) traded up 0.28% on Tuesday, hitting $7.14. 20,779 shares of the company’s stock traded hands. The company has a market cap of $636.97 million and a price-to-earnings ratio of 57.58. Nexeo Solutions has a 1-year low of $6.74 and a 1-year high of $9.94. The firm’s 50-day moving average price is $7.62 and its 200 day moving average price is $8.51.
Several equities analysts have recently weighed in on NXEO shares. Zacks Investment Research upgraded shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “hold” rating and issued a $9.50 target price on shares of Nexeo Solutions in a report on Friday, June 16th. Finally, Credit Suisse Group decreased their target price on shares of Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 11th.
In other news, major shareholder Park West Asset Management Llc sold 100,000 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $8.65, for a total transaction of $865,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Bradley bought 80,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $7.39 per share, with a total value of $591,200.00. Following the completion of the transaction, the insider now directly owns 135,000 shares in the company, valued at approximately $997,650. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 746,000 shares of company stock valued at $5,364,757 and have sold 2,322,562 shares valued at $18,992,522. 0.07% of the stock is currently owned by insiders.
About Nexeo Solutions
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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