SVP/CLO Angelo Chaclas bought 75,000 TSE shares at $2.57; stock down 81.2% from 52-week high of $14.33, co. posted $67.8M loss.
Chaclas purchased 75,000 shares at $2.57 on 2024-08-12, increasing his holdings by 56.8% to 207.0K shares. The purchase occurs amid significant headwinds: Trinseo is trading -81.2% from its 52-week high of $14.33, the company reported a net loss of $67.8M on $920.0M quarterly revenue with annual revenue declining 26.0%, and the stock has fallen 21.0% over the prior 90 days. His prior buy at this ticker on 2023-09-12 returned -19.7% over 90 days and has a 0.00% cross-ticker win rate. The timing and scale of this purchase against deteriorating fundamentals and persistent share-price weakness merit observation of whether this reflects material information unavailable to public markets or execution of a scheduled trading plan.