TG BullishRecent MACD cross and close above the .5 fib level are very bullish. Also higher lows since February.
Target 12.67, 13.03, 13.48
TG trade ideas
TG BullishWe see a MACD cross a few days ago and price recently closed above $11.80 which has acted as support/resistance on the monthly chart and also broke out of the descending trend line on the weekly.
The most recent close also managed to take out the .5 fibonacci level.
Looking for 12.63 in the short term and then 13.19
I will be watching price action going in to earnings and place a stop accordingly.
Tredegar Board Declares Special Dividend of $5.97 Per ShareTredegar Board Declares Special Dividend of $5.97 Per Share
The Special Dividend is payable on December 18, 2020 to shareholders of record at the close of business on December 11, 2020.
The Special Dividend is a direct result of our strong cash generation that resulted in cash in excess of debt of $28 million at September 30, 2020, which increased further at the end of October with the closing on the sale of our Personal Care business for estimated net proceeds (after transaction costs, purchase price adjustments and transition services) of $45 to $50 million.
the distribution of excess cash is being supplemented by borrowings under our revolving credit facility, which has a maturity date in June 2024, thereby allowing us to prudently use financial leverage in a low interest rate environment while also preserving available capital to meet the needs of our business units."
finance.yahoo.com
