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GPK Shares Experience Decline in Value

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 $163,897 were sold by Venturelli Larry M on Jun 03 ’24. At $27.85 per share, Venturelli Larry M sold 5,885 shares. The insider’s holdings dropped to 96,296 shares worth approximately $2.43 million following the completion of this transaction.

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Also, Farrell Michael James sold 28,080 shares, netting a total of over 766,303 in proceeds. Following the sale of shares at $27.29 each, the insider now holds 106,926 shares.

Before that, Yost Joseph P had sold 70,000 shares from its account. In a trade valued at $1,834,000, the EVP & President, International traded Graphic Packaging Holding Co shares for $26.20 each. Upon closing the transaction, the insider’s holdings decreased to 70,000 shares, worth approximately $5.18 million.

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 -6.07%. Over the course of the year, Graphic Packaging Holding Co shares have jumped approximately 2.35%. 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 $27.35, while a 200-day SMA reached $25.26. Nevertheless, trading volume fell to 1.24 million shares from 3.09 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 25.49, which, if violated, would cause prices to drop to 25.30. In the upper region, resistance lies at 26.04. The next price resistance is at 26.41. RSI (Relative Strength Index) is 31.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 82.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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