Trinseo S.A. is a global materials company that specializes in the production of plastics, latex, and synthetic rubber
It focuses on providing innovative and sustainable solutions for various industries, including automotive, consumer goods, and construction. With a commitment to enhancing the performance and sustainability of products, Trinseo leverages advanced technologies and proprietary processes to develop specialty materials that meet the evolving needs of its customers. The company emphasizes reducing environmental impact while delivering high-quality products that enable the creation of durable and efficient applications.
Trinseo recorded the biggest jump in retail chatter among materials stocks in the last 24 hours as users debated the company’s mixed results and ongoing restructuring efforts.
Trinseo announced a Transaction Support Agreement with creditors to refinance debt, extend maturity to 2028, and capture value through exchange of notes.
In this brief market review, we will take a look at the various asset classes, sectors, equity categories, ETFs, and stocks that moved the market higher, as well as the market segments that defied the trend by moving lower.
Shares of IPG Photonics Corporation (NASDAQIPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
Companies Reporting Before The Bell • Beasley Broadcast Group (NASDAQBBGI) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million.
Companies Reporting Before The Bell • Arcutis Biotherapeutics (NASDAQARQT) is expected to report quarterly loss at $0.86 per share on revenue of $32.83 million.
Today, October 19, 2023, marks an important moment for investors of Trinseo (NYSETSE). The company will distribute a dividend payout of $0.01 per share, demonstrating an annualized dividend yield of 0.45%. Remember, only shareholders prior to the ex-dividend date on October 04, 2023 are eligible for this payout.
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling over 50 points on Wednesday. The Dow traded down 0.24% to 32,924.47 while the NASDAQ rose 0.77% to 13,159.47. The S&P 500 also rose, gaining, 0.15% to 4,235.65.
Gainers Gaucho Group Holdings, Inc. (NASDAQVINO) jumped 95.2% to $3.7280. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Wednesday. The Dow traded up 0.28% to 33,094.01 while the NASDAQ rose 1.08% to 13,200.09. The S&P 500 also rose, gaining, 0.55% to 4,252.74.
Citigroup raised the price target for LyondellBasell Industries N.V. (NYSELYB) from $104 to $106. Citigroup analyst Patrick Cunningham upgraded the stock from Neutral to Buy. LyondellBasell Industries shares gained 0.4% to close at $93.79 on Tuesday.
Gainers First Wave BioPharma, Inc. (NASDAQFWBI) shares jumped 89.5% to $0.8243 after the company announced license agreement for capeserod from Sanofi.
