PolyOne Corporation (NYSE:POL) dropped -1.99% to $41.92 in Thursday trading session. The stock maintained recent volume of 473590 shares. The stock average trading capacity stands with 333.91K shares and relative volume is now at 1.43. POL stock demonstrated 22.75% move opposition to 12-month low and unveiled a move of -11.71% versus to 12-month high. The recent trading activity has given its price a change of -8.27% to its 50 Day High and 3.51% move versus to its 50 Day Low.
PolyOne Corporation (NYSE:POL), a premier global provider of specialized polymer materials, services and solutions, today declared the acquisition of PlastiComp, an advanced engineered materials innovator and producer of specialty composites.
Founded in 2003 by industry veteran and composite pioneer Stephen Bowen, PlastiComp has steadily grown through its ability to replace metal and lightweight products with unique and complex long fiber technology (LFT) composite formulations. Inherent benefits of LFT-based materials include high strength and stiffness, design freedom, fatigue endurance, corrosion and wear resistance, EMI shielding, and recyclability.
Robert M. Patterson, chairman, president and CEO, PolyOne Corporation said “I’m thrilled to welcome Steve, the PlastiComp employees and their valued customers to the PolyOne team”. “We are very excited to accelerate commercial and operational investments to further expand this important composite technology as part of our advanced composites portfolio.”
Mr. Bowen said “As we looked to take this business and our customers to the next level, PolyOne was the natural choice”. “PolyOne’s comprehensive approach to design, service and innovation in thermoplastics and composites will enable us to forge even further ahead with our LFT technology, and I’m excited that our teams have joined together in collaboration for the future.”
PolyOne Corporation (POL) stock revealed 1.70% return for the recent month and disclosed 1.80% return in 3-month period. The stock grabbed -9.66% return over last 6-months and 12.27% return in yearly time period. To measure stock performance since start of the year, it resulted a change of -3.63%. The stock revealed volatility at 1.57% during a week and it has been swapped around 1.83% over a month.
Category – Hot Stocks
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