Nexeo Solutions (NXEO) Receiving Positive Press Coverage, Report Shows

News headlines about Nexeo Solutions (NASDAQ:NXEO) have been trending positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexeo Solutions earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 47.0033948523037 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

Shares of Nexeo Solutions (NASDAQ:NXEO) traded up 4.55% during midday trading on Friday, hitting $7.35. 229,128 shares of the company’s stock traded hands. The firm has a market capitalization of $655.71 million and a price-to-earnings ratio of 59.27. Nexeo Solutions has a 1-year low of $6.74 and a 1-year high of $9.94. The company has a 50 day moving average price of $8.05 and a 200 day moving average price of $8.76.

Several brokerages have commented on NXEO. Jefferies Group LLC restated a “hold” rating and issued a $9.50 price target on shares of Nexeo Solutions in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Credit Suisse Group dropped their price target on shares of Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 11th.

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In other Nexeo Solutions 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 shares were sold at an average price of $8.65, for a total value of $865,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Bradley purchased 80,000 shares of Nexeo Solutions stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $7.39 per share, for a total transaction of $591,200.00. Following the completion of the transaction, the insider now owns 135,000 shares of the company’s stock, valued at $997,650. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 2,322,562 shares of company stock worth $18,992,522. Company insiders own 0.07% of the company’s stock.

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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