Graphic Packaging Holding Co’s filing revealed that its EVP, Mills Division Farrell Michael James unloaded Company’s shares for reported $0.77 million on Mar 12 ’24. In the deal valued at $27.29 per share,28,080 shares were sold. As a result of this transaction, Farrell Michael James now holds 106,926 shares worth roughly $3.08 million.
Then, Yost Joseph P sold 70,000 shares, generating $1,834,000 in total proceeds. Upon selling the shares at $26.20, the EVP & President, International now owns 205,231 shares.
Before that, Scherger Stephen R. sold 160,492 shares. Graphic Packaging Holding Co shares valued at $4,142,299 were divested by the EVP and CFO at a price of $25.81 per share. As a result of the transaction, Scherger Stephen R. now holds 427,548 shares, worth roughly $12.31 million.
Raymond James downgraded its Graphic Packaging Holding Co [GPK] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Wells Fargo revised its rating on October 19, 2023. It rated GPK as “an Underweight” which previously was an “an Overweight”.
Price Performance Review of GPK
On Monday, Graphic Packaging Holding Co [NYSE:GPK] saw its stock jump 0.63% to $28.80. Over the last five days, the stock has gained 0.45%. Graphic Packaging Holding Co shares have risen nearly 16.84% since the year began. Nevertheless, the stocks have risen 14.38% over the past one year. While a 52-week high of $29.43 was reached on 03/28/24, a 52-week low of $20.07 was recorded on 02/20/24. SMA at 50 days reached $26.66, while 200 days put it at $23.96. A total of 1.95 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For GPK Stock
The 24-hour chart illustrates a support level at 28.58, which if violated will result in even more drops to 28.35. On the upside, there is a resistance level at 29.00. A further resistance level may holdings at 29.19. The Relative Strength Index (RSI) on the 14-day chart is 63.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.40%. Stochastics %K at 71.83% indicates the stock is a holding.
How much short interest is there in Graphic Packaging Holding Co?
A steep rise in short interest was recorded in Graphic Packaging Holding Co stocks on Mar 15, 2024, growing by 1.75 million shares to a total of 13.81 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.06 million shares. There was a rise of 12.67%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.35.
