Trinseo shares are trading lower after it was announced the company will be replaced in the S&P SmallCap 600.
Portfolio Pulse from Benzinga Newsdesk
Trinseo, a global materials company, will be replaced in the S&P SmallCap 600, causing its shares to trade lower.
September 05, 2023 | 5:01 pm
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NEGATIVE IMPACT
Trinseo's removal from the S&P SmallCap 600 has led to a decrease in its share price.
Being included in an index like the S&P SmallCap 600 often increases a company's visibility and attractiveness to investors. Trinseo's removal from the index could therefore lead to reduced demand for its shares, causing the price to fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100