In a filing, Sealed Air Corp. revealed its President and CEO Doheny Edward L II acquired Company’s shares for reported $0.34 million on Sep 08 ’23. In the deal valued at $33.85 per share,10,000 shares were bought. As a result of this transaction, Doheny Edward L II now holds 658,360 shares worth roughly $25.59 million.
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Truist upgraded its Sealed Air Corp. [SEE] rating to a Buy from a a Hold in a research note published on April 08, 2024; the price target was increased to $44 from $39. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early March with a ‘”a Peer perform”‘ rating. Wells Fargo revised its rating on January 11, 2024. It rated SEE as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SEE
On Friday, Sealed Air Corp. [NYSE:SEE] saw its stock jump 3.13% to $38.87. Over the last five days, the stock has gained 3.93%. Sealed Air Corp. shares have risen nearly 6.43% since the year began. Nevertheless, the stocks have risen 2.69% over the past one year. While a 52-week high of $47.12 was reached on 05/17/24, a 52-week low of $28.50 was recorded on 04/17/24. SMA at 50 days reached $35.09, while 200 days put it at $34.45. A total of 2.65 million shares were traded, compared to the trading of 1.21 million shares in the previous session.
Levels Of Support And Resistance For SEE Stock
The 24-hour chart illustrates a support level at 38.01, which if violated will result in even more drops to 37.14. On the upside, there is a resistance level at 39.41. A further resistance level may holdings at 39.94. The Relative Strength Index (RSI) on the 14-day chart is 66.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.01%. Stochastics %K at 54.35% indicates the stock is a holding.
