Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ranpak Holdings Corp shares valued at $20 were purchased by Siebert Mark A. on Nov 28 ’23. At $4.10 per share, Siebert Mark A. acquired 5 shares. The insider’s holdings grew to 272 shares worth approximately $2108.0 following the completion of this transaction.
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Also, Siebert Mark A. purchased 267 shares, netting a total of over 1,063 in proceeds. Following the buying of shares at $3.98 each, the insider now holds 267 shares.
Before that, Tranen Alicia M. had added 5,000 shares to its account. In a trade valued at $16,100, the Director bought Ranpak Holdings Corp shares for $3.22 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.23 million.
As published in their initiating research note from Goldman on August 24, 2021, Ranpak Holdings Corp [PACK] has been a Neutral and the price target has been revised to $32. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in early August. As of April 26, 2021, Berenberg has initiated its “Buy” rating for PACK.
Analyzing PACK Stock Performance
During the last five days, there has been a surge of approximately 3.75%. Over the course of the year, Ranpak Holdings Corp shares have jumped approximately 33.16%. Shares of the company reached a 52-week high of $8.27 on 03/26/24 and a 52-week low of $3.85 on 02/05/24. A 50-day SMA is recorded $5.25, while a 200-day SMA reached $4.92. Nevertheless, trading volume fell to 0.51 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Ranpak Holdings Corp (PACK)
According to the 24-hour chart, there is a support level at 7.62, which, if violated, would cause prices to drop to 7.50. In the upper region, resistance lies at 7.97. The next price resistance is at 8.20. RSI (Relative Strength Index) is 74.33 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 13.10%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Ranpak Holdings Corp subject to short interest?
Stocks of Ranpak Holdings Corp saw a sharp rise in short interest on Feb 29, 2024 jumping by 20000.0 shares to 1.28 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 1.26 million shares. A jump of 1.56% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.59 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.59.
