TG Stock Summary and Trading Ideas (Tredegar | NYSE:TG)

Tredegar Corp through its subsidiaries engaged in the manufacture of Polyethylene Plastic films, Polyester Films, and Aluminum Extrusions. Polyethylene Plastic films manufacture plastic films, elastics and laminate materials which are utilized in personal care materials, surface protection films, and specialty and optical lighting applications. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. Aluminum Extrusions generates the majority of revenue and produces high-quality, soft-alloy, and medium-strength aluminum use for building and construction, automotive, consumer durables, machinery and equipment, electrical, and distribution markets. It generates revenue from the United States, Asia, and Brazil.

Tredegar trades on the NYSE stock market under the symbol TG.

As of May 10, 2024, TG stock price climbed to $6.49 with 86,431 million shares trading.

TG has a beta of 0.86, meaning it tends to be less sensitive to market movements. TG has a correlation of 0.04 to the broad based SPY ETF.

TG has a market cap of $223.46 million. This is considered a Small Cap stock.

In the last 3 years, TG stock traded as high as $16.22 and as low as $3.98.

The top ETF exchange traded funds that TG belongs to (by Net Assets): VTI, IWM, VXF, IWN, AVUV.

TG has underperformed the market in the last year with a price return of -15.6% while the SPY ETF gained +27.8%. However, in the short term, TG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +35.8% vs +4.2% return in SPY. But in the last 2 weeks, TG shares have been beat by the market, returning -1.1% compared to an SPY return of +2.5%.

TG support price is $6.27 and resistance is $6.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TG stock will trade within this expected range on the day.