The Potential Rise in the Price of Graphic Packaging Holding Company (GPK) following insiders activity


In a filing, Graphic Packaging Holding Company revealed its EVP and CFO Scherger Stephen R. unloaded Company’s shares for reported $4.14 million on May 09. In the deal valued at $25.81 per share,160,492 shares were sold. As a result of this transaction, Scherger Stephen R. now holds 427,548 shares worth roughly $ 9.62 million.

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Then, Yost Joseph P sold 60,000 shares, generating $1,439,400 in total proceeds. Upon selling the shares at $23.99, the EVP & President, International now owns 209,250 shares.

Before that, Wentworth Lynn A sold 24,200 shares. Graphic Packaging Holding Company shares valued at $543,532 were divested by the Director at a price of $22.46 per share. As a result of the transaction, Wentworth Lynn A now holds 92,021 shares, worth roughly $2.07 million.

BofA Securities downgraded its Graphic Packaging Holding Company [GPK] rating to a Neutral from a a Buy in a research note published on Friday, July 10, 2023; the price target was decreased to $29 from $35. PT values the company’s stock at a premium of 22.45 to its Friday closing price.

Price Performance Review of GPK

On Friday, Graphic Packaging Holding Company [NYSE:GPK] saw its stock jump 1.12% to $22.49. On the same session, the stock had its day’s lowest price of $22.25, but rose to a high of $22.54. Over the last five days, the stock has gained 3.35%. Graphic Packaging Holding Company shares have risen nearly 1.08% since the year began. Nevertheless, the stocks have risen 0.99% over the past one year. While a 52-week high of $27.56 was reached on 06/13/23, a 52-week low of $19.46 was recorded on 08/21/23. SMA at 50 days reached $23.23, while 200 days put it at $23.73. A total of 2.58 million shares were traded, compared to the trading of 4.05 million shares in the previous session.

Levels Of Support And Resistance For GPK Stock

The 24-hour chart illustrates a support level at 22.31, which if violated will result in even more drops to 22.14. On the upside, there is a resistance level at 22.60. A further resistance level may holdings at 22.72. The Relative Strength Index (RSI) on the 14-day chart is 48.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.49%. Stochastics %K at 80.97% indicates the stock is a selling.

How much short interest is there in Graphic Packaging Holding Company?

A steep rise in short interest was recorded in Graphic Packaging Holding Company stocks on Aug 14, 2023, dropping by -4.22 million shares to a total of 12.5 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 16.72 million shares. There was a decline of -33.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.24.

Graphic Packaging Holding Company [GPK] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 31,469,693 shares, or roughly 10.25% of the outstanding GPK shares. In other words, the investor’s shares have risen by 572,949 from its previous 13-F filing of 30896744.0. Additionally, BlackRock Fund Advisors increased 106.12% of its stake after which the total value it holdings stand at $595,735,272, while Wellington Management Co. LLP reduced -5.23% of its stake to hold $291.67 million in the firm. Over the last quarter, Fuller & Thaler Asset Management, sold -5,234,629 shares of Graphic Packaging Holding Company, while Norges Bank Investment Management sold -3,868,987 shares. At present, SSgA Funds Management, Inc. is holding 8,459,730 shares valued at $204.73 million. Shapiro Capital Management LLC owned 7,514,782 shares of the company at the time of its most recent 13F filing, worth $181.86 million.

According to FactSet, Graphic Packaging Holding Company’s share price will average $29.82 in the next year, based on opinions of analysts polled by the firm. This is up nearly 34.89 percent from its previous closing price of $22.24. Analysts expect Graphic Packaging Holding Company stock to reach the higher price of $35.00, while the lowest price estimate is $26.00. However, 11 analysts have rated GPK stock as a Buy in their predictions for 2023.


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