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Citigroup’s latest rating for SLGN stock

In a filing, Silgan Holdings Inc. revealed its Sr. V.P. – Corp. Dev. Prinzen B Frederik unloaded Company’s shares for reported $0.21 million on Mar 04 ’24. In the deal valued at $43.89 per share,4,684 shares were sold. As a result of this transaction, Prinzen B Frederik now holds 8,613 shares worth roughly $0.41 million.

Then, ALLOTT ANTHONY J sold 71,050 shares, generating $2,983,787 in total proceeds. Upon selling the shares at $42.00, the Director now owns 574,439 shares.

Before that, ALLOTT ANTHONY J sold 10,027 shares. Silgan Holdings Inc. shares valued at $419,135 were divested by the Director at a price of $41.80 per share. As a result of the transaction, ALLOTT ANTHONY J now holds 645,489 shares, worth roughly $30.53 million.

Citigroup downgraded its Silgan Holdings Inc. [SLGN] rating to a Neutral from a a Buy in a research note published on January 03, 2024; the price target was increased to $47 from $44. Robert W. Baird also remained covering SLGN and has increased its forecast on July 27, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Citigroup revised its rating on April 27, 2023. It rated SLGN as “a Buy” which previously was an “a Neutral”.

Price Performance Review of SLGN

On Monday, Silgan Holdings Inc. [NYSE:SLGN] saw its stock jump 0.70% to $47.29. Over the last five days, the stock has gained 0.53%. Silgan Holdings Inc. shares have risen nearly 4.51% since the year began. Nevertheless, the stocks have fallen -2.21% over the past one year. While a 52-week high of $50.18 was reached on 04/10/24, a 52-week low of $38.11 was recorded on 01/18/24. SMA at 50 days reached $45.92, while 200 days put it at $44.08. A total of 0.55 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For SLGN Stock

The 24-hour chart illustrates a support level at 46.99, which if violated will result in even more drops to 46.69. On the upside, there is a resistance level at 47.61. A further resistance level may holdings at 47.93. The Relative Strength Index (RSI) on the 14-day chart is 53.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.87%. Stochastics %K at 20.05% indicates the stock is a holding.

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