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Potential Price Increase for Graphic Packaging Holding Co (GPK) After Recent Insider Activity

In a filing, Graphic Packaging Holding Co revealed its Director Venturelli Larry M unloaded Company’s shares for reported $0.16 million on Jun 03 ’24. In the deal valued at $27.85 per share,5,885 shares were sold. As a result of this transaction, Venturelli Larry M now holds 96,296 shares worth roughly $2.61 million.

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Then, Farrell Michael James sold 28,080 shares, generating $766,303 in total proceeds. Upon selling the shares at $27.29, the EVP, Mills Division now owns 106,926 shares.

Before that, Yost Joseph P sold 70,000 shares. Graphic Packaging Holding Co shares valued at $1,834,000 were divested by the EVP & President, International at a price of $26.20 per share. As a result of the transaction, Yost Joseph P now holds 205,231 shares, worth roughly $5.56 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 -0.88% to $27.07. Over the last five days, the stock has lost -2.59%. Graphic Packaging Holding Co shares have risen nearly 9.82% since the year began. Nevertheless, the stocks have risen 2.34% 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 $27.71, while 200 days put it at $24.87. A total of 1.8 million shares were traded, compared to the trading of 2.45 million shares in the previous session.

Levels Of Support And Resistance For GPK Stock

The 24-hour chart illustrates a support level at 26.84, which if violated will result in even more drops to 26.60. On the upside, there is a resistance level at 27.24. A further resistance level may holdings at 27.40. The Relative Strength Index (RSI) on the 14-day chart is 44.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.76%. Stochastics %K at 22.42% indicates the stock is a holding.

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