Why Trinseo S.A. Stock Jumped Tuesday
Summary
Shares of Trinseo S.A. (NYSE: TSE), a materials company specializing in synthetic rubber, latex binders, and plastic products, saw its stock jump on Tuesday. The stocks rise follows news that Trinseo is replacing WageWorks (NYSE: WAGE) in the S&P SmallCap 600 index. Trinseos promotion into the small-cap index comes after independent health savings account specialist HealthEquity (NASDAQ: HQY) announced it is acquiring WageWorks in a deal that gives it an enterprise value of approximately $2 billion. Trinseo will replace WageWorks in the S&P SmallCap 600 before the market opens on Friday, Aug. 30, S&P Dow Jones Indices said in a press release Monday afternoon. Investors should ultimately make their investment decisions based on their analysis of Tinseos fundamentals, not its prospects to be included in the index.