EVP, Mills Division Farrell Michael James sold 12,779 shares of Graphic Packaging Holding Company [GPK]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Graphic Packaging Holding Company shares valued at $298,390 were sold by Farrell Michael James on Aug 17. At $23.35 per share, Farrell Michael James sold 12,779 shares. The insider’s holdings dropped to 44,902 shares worth approximately $0.93 million following the completion of this transaction.

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Also, Roche Jean Francois sold 46,898 shares, netting a total of over 1,055,205 in proceeds. Following the sale of shares at $22.50 each, the insider now holds 84 shares.

As published in a research note from BMO Capital Markets on May 27, 2022, Graphic Packaging Holding Company [GPK] has been rated up from a Market perform to an Outperform and the price target has been revised to $25 from $20. This represents a 16.8% premium over Thursday’s closing price. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of January 18, 2022, KeyBanc Capital Markets has decreased its “Sector weight” rating to a “an Underweight” for GPK. Earlier on December 20, 2021, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for GPK stock which previously was a “an Outperform”.

Analyzing GPK’s Price Performance

On Thursday, Graphic Packaging Holding Company [NYSE: GPK] plunged -0.14% to $20.80. The stock’s lowest price that day was $20.76, but it reached a high of $21.18 in the same session. During the last five days, there has been a drop of approximately -8.45%. Over the course of the year, Graphic Packaging Holding Company shares have jumped approximately 6.67%. Shares of the company reached a 52-week high of $24.07 on 09/12/22 and a 52-week low of $17.99 on 01/27/22. A 50-day SMA is recorded $22.36, while a 200-day SMA reached $20.76. Nevertheless, trading volume fell to 2.48 million shares from 2.77 million shares the previous day.

Support And Resistance Levels for Graphic Packaging Holding Company (GPK)

According to the 24-hour chart, there is a support level at 20.65, which, if violated, would cause prices to drop to 20.49. In the upper region, resistance lies at 21.07. The next price resistance is at 21.33. RSI (Relative Strength Index) is 34.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.39, which suggests the price will decrease in the coming days. Percent R is at 98.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Graphic Packaging Holding Company subject to short interest?

Stocks of Graphic Packaging Holding Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.43 million shares to 9.52 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.09 million shares. A jump of 25.53% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.25 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.25.

Which companies own the most shares of Graphic Packaging Holding Company (GPK)?

According to The Vanguard Group, Inc. filings, the company currently owns 28,122,414 shares, which is about 9.14% of the total GPK shares outstanding. The investor’s shares have appreciated by 760,450 from its previous 13-F filing of 27361964.0 shares. With the completion of the sale transaction, Fuller & Thaler Asset Management,’s stake is now worth $473,953,481. Norges Bank Investment Management acquire a 19.89% interest valued at $311.12 million while BlackRock Fund Advisors purchased a 914,950 stake. A total of -2,264,495 shares of Graphic Packaging Holding Company were bought by Shapiro Capital Management LLC during the quarter, and -824,594 were sold by Massachusetts Financial Services. In its current portfolio, Wellington Management Co. LLP holds 9,910,939 shares valued at $220.72 million.

In terms of Graphic Packaging Holding Company share price expectations, FactSet research, analysts set an average price target of $26.63 in the next 12 months, up nearly 29.62% from the previous closing price of $20.83. Analysts anticipate Graphic Packaging Holding Company stock to reach $30.00 by 2022, with the lowest price target being $17.00. In spite of this, 16 analysts ranked Graphic Packaging Holding Company stock as a Buy at the end of 2022. On November 24, 2021, Raymond James assigned a price target of “a Strong buy” to the stock and initiated coverage with a $24.50.


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