PolyOne Corporation (POL) Moves Higher on Volume Spike for September 15

Equities Staff  |

PolyOne Corporation (POL) traded on unusually high volume on Sep. 15, as the stock gained 0.4% to close at $37.29. On the day, PolyOne Corporation saw 709,435 shares trade hands on 3,142 trades. Considering that the stock averages only a daily volume of 376,461 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $40.88 and $28.77 over the last 52-weeks, its 50-day SMA is now $36.77, and its 200-day SMA $35.27. PolyOne Corporation has a P/B ratio of 5.48.

PolyOne Corp is a chemical manufacturer that provides specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution.

Headquartered in Avon Lake, OH, PolyOne Corporation has 7,000 employees and is currently under the leadership of CEO Robert M. Patterson.

For a complete fundamental analysis analysis of PolyOne Corporation, check out Equities.com’s Stock Valuation Analysis report for POL.

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To get more information on PolyOne Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: POL’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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