KRA - Watch for Continued Gains in Shares of Kraton Corporation (KRA)
Shares of Kraton Corporation (NYSE:KRA) traded today at $46.25, eclipsing its 52-week high. Approximately 719,000 shares have changed hands today, as compared to an average 30-day volume of 826,000 shares.
Kraton Corp is a specialty chemicals company that primarily manufactures elastomers and synthetic replacements for rubber. The company's operating segments include polymer and chemical. It generates a majority revenue from the polymer segment. The polymer segment is composed of styrenic block copolymers (SBCs) and other engineered polymers business. The firm's chemical segment is composed of its pine-based specialty products business. It is a geographically diverse company, oprating in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The company's products are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving and roofing, and footwear products.
Based on a current price of $45.72, Kraton Corporation is currently 42.3% above its average consensus analyst price target of $26.38.
Over the past year, Kraton Corporation has traded in a range of $16.31 to $46.25 and is now at $45.72, 180% above that low.
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