Insider Selling: Nexeo Solutions Inc (NXEO) Major Shareholder Sells $1,151,576.03 in Stock
Nexeo Solutions Inc (NASDAQ:NXEO) major shareholder Park West Asset Management Llc sold 126,131 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $9.13, for a total transaction of $1,151,576.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Nexeo Solutions Inc (NASDAQ:NXEO) opened at 8.99 on Friday. The firm’s market capitalization is $802.11 million. Nexeo Solutions Inc has a 12 month low of $7.13 and a 12 month high of $10.39. The company has a 50 day moving average of $9.02 and a 200-day moving average of $8.83.
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Separately, Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.50 target price on shares of Nexeo Solutions in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $9.75.
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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