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Analyzing Silgan Holdings Inc. (SLGN) After Recent Trading Activity

In a filing, Silgan Holdings Inc. revealed its EVP, Corp. Dev. & Admin. LEWIS ROBERT B unloaded Company’s shares for reported $1.41 million on May 10 ’24. In the deal valued at $47.08 per share,30,000 shares were sold. As a result of this transaction, LEWIS ROBERT B now holds 172,133 shares worth roughly $8.23 million.

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Then, MARTIN JAY A sold 4,228 shares, generating $199,259 in total proceeds. Upon selling the shares at $47.13, the Senior Vice President now owns 144,161 shares.

Before that, MARTIN JAY A sold 17,600 shares. Silgan Holdings Inc. shares valued at $823,185 were divested by the Senior Vice President at a price of $46.77 per share. As a result of the transaction, MARTIN JAY A now holds 148,389 shares, worth roughly $7.1 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 Friday, Silgan Holdings Inc. [NYSE:SLGN] saw its stock jump 2.20% to $47.84. Over the last five days, the stock has gained 3.37%. Silgan Holdings Inc. shares have risen nearly 5.72% since the year began. Nevertheless, the stocks have risen 0.15% over the past one year. While a 52-week high of $49.72 was reached on 04/10/24, a 52-week low of $38.11 was recorded on 01/18/24. SMA at 50 days reached $46.29, while 200 days put it at $44.05. A total of 0.52 million shares were traded, compared to the trading of 0.69 million shares in the previous session.

Levels Of Support And Resistance For SLGN Stock

The 24-hour chart illustrates a support level at 47.12, which if violated will result in even more drops to 46.40. On the upside, there is a resistance level at 48.21. A further resistance level may holdings at 48.58. The Relative Strength Index (RSI) on the 14-day chart is 57.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.33%. Stochastics %K at 69.44% indicates the stock is a holding.

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