The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $2.94 million following the completion of this transaction.
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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.
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 -2.00%. Over the course of the year, Graphic Packaging Holding Co shares have jumped approximately 11.48%. 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 $27.82, while a 200-day SMA reached $24.57. Nevertheless, trading volume fell to 1.31 million shares from 1.41 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 27.22, which, if violated, would cause prices to drop to 26.96. In the upper region, resistance lies at 27.89. The next price resistance is at 28.31. RSI (Relative Strength Index) is 48.15 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 74.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
