Graphic Packaging Holding Co’s recent filing unveils 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 $2.95 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 $11.79 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 fall -0.76% to $27.57. Over the last five days, the stock has lost -4.27%. Graphic Packaging Holding Co shares have risen nearly 11.85% since the year began. Nevertheless, the stocks have risen 10.90% over the past one year. While a 52-week high of $29.50 was reached on 04/09/24, a 52-week low of $20.07 was recorded on 02/20/24. SMA at 50 days reached $26.91, while 200 days put it at $24.07. A total of 1.55 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For GPK Stock
The 24-hour chart illustrates a support level at 27.36, which if violated will result in even more drops to 27.14. On the upside, there is a resistance level at 27.96. A further resistance level may holdings at 28.35. The Relative Strength Index (RSI) on the 14-day chart is 45.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.22%. Stochastics %K at 10.44% indicates the stock is a buying.
