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 Co shares valued at $766,303 were sold by Farrell Michael James on Mar 12 ’24. At $27.29 per share, Farrell Michael James sold 28,080 shares. The insider’s holdings dropped to 106,926 shares worth approximately $3.04 million following the completion of this transaction.
Also, Yost Joseph P sold 70,000 shares, netting a total of over 1,834,000 in proceeds. Following the sale of shares at $26.20 each, the insider now holds 205,231 shares.
Before that, Scherger Stephen R. had sold 160,492 shares from its account. In a trade valued at $4,142,299, the EVP and CFO traded Graphic Packaging Holding Co shares for $25.81 each. Upon closing the transaction, the insider’s holdings decreased to 160,492 shares, worth approximately $12.16 million.
As published in a research note from Raymond James on November 27, 2023, Graphic Packaging Holding Co [GPK] has been rated down from a Strong buy to a Mkt perform. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. Earlier on October 19, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for GPK stock which previously was a “an Overweight”.
Analyzing GPK Stock Performance
During the last five days, there has been a drop of approximately -0.77%. Over the course of the year, Graphic Packaging Holding Co shares have jumped approximately 15.33%. Shares of the company reached a 52-week high of $29.50 on 04/09/24 and a 52-week low of $23.47 on 02/20/24. A 50-day SMA is recorded $26.83, while a 200-day SMA reached $24.03. Nevertheless, trading volume fell to 1.78 million shares from 2.95 million shares the previous day.
Support And Resistance Levels for Graphic Packaging Holding Co (GPK)
According to the 24-hour chart, there is a support level at 28.21, which, if violated, would cause prices to drop to 27.99. In the upper region, resistance lies at 28.70. The next price resistance is at 28.97. RSI (Relative Strength Index) is 55.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 73.29%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Graphic Packaging Holding Co subject to short interest?
Stocks of Graphic Packaging Holding Co saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.24 million shares to 12.96 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 11.72 million shares. A jump of 9.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.42 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.42.
