Tredegar Corporation (TG)’s Trend Up, Especially After Today’s 52-Week High Milestone

May 17, 2018 - By Eugene Smith

Tredegar Corporation (NYSE:TG) Logo

Investors sentiment decreased to 1.16 in Q4 2017. Its down 0.67, from 1.83 in 2017Q3. It dropped, as 6 investors sold Tredegar Corporation shares while 37 reduced holdings. 14 funds opened positions while 36 raised stakes. 20.56 million shares or 0.10% less from 20.58 million shares in 2017Q3 were reported.
Acadian Asset Mgmt Limited Liability Co reported 12,921 shares or 0% of all its holdings. Prelude Capital Mgmt Lc stated it has 9,524 shares. Principal Fin Grp holds 190,308 shares or 0% of its portfolio. Covington Capital Mgmt has 0% invested in Tredegar Corporation (NYSE:TG). Pinebridge Invests L P invested 0.02% in Tredegar Corporation (NYSE:TG). Campbell Inv Adviser Limited Liability Company holds 12,950 shares or 0.18% of its portfolio. Wells Fargo And Company Mn stated it has 53,054 shares. California State Teachers Retirement System reported 40,733 shares. Parametric Portfolio Associates Lc reported 58,114 shares or 0% of all its holdings. Parkside Bancorp Trust invested in 0% or 18 shares. Comerica State Bank has invested 0% of its portfolio in Tredegar Corporation (NYSE:TG). Ls Inv Ltd reported 0% in Tredegar Corporation (NYSE:TG). Axa reported 0% in Tredegar Corporation (NYSE:TG). Bancorporation Of Ny Mellon accumulated 0% or 443,456 shares. Vanguard Gp Inc, Pennsylvania-based fund reported 2.89M shares.

The stock of Tredegar Corporation (NYSE:TG) hit a new 52-week high and has $23.33 target or 8.00 % above today’s $21.60 share price. The 5 months bullish chart indicates low risk for the $710.81 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $23.33 price target is reached, the company will be worth $56.86M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.13% or $0.45 during the last trading session, reaching $21.6. About 53,766 shares traded. Tredegar Corporation (NYSE:TG) has declined 2.61% since May 17, 2017 and is downtrending. It has underperformed by 14.16% the S&P500.

Another recent and important Tredegar Corporation (NYSE:TG) news was published by Globenewswire.com which published an article titled: “TopBuild Expands Board of Directors” on April 30, 2018.

Tredegar Corporation, through its subsidiaries, makes and sells polyethylene plastic films, polyester films, and aluminum extrusions worldwide. The company has market cap of $710.81 million. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions divisions. It has a 18.62 P/E ratio. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiDry and AquiDry Plus brands.

Tredegar Corporation (NYSE:TG) Institutional Positions Chart

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