Trinseo’s Board of Directors Authorizes Stock Repurchase Program
On August 28, Trinseo (TSE) announced that its Board of Directors authorized a share repurchase program. Under the terms of the program, the company can repurchase up to $3.3 million worth of common stock over the next 90 days. Trinseo is a global materials solutions provider and manufacturer.
Sonal detected the event and issued an alert at 8:52 am. The stock opened for regular market trading at $31.15. The stock price moved higher throughout the event day, and the gains continued over the next four trading sessions. Trinseo closed at $35.34 on September 4 for a five-day gain of 13.45%.
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