Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.9 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 $6.18 million.
As published in their initiating research note from Stifel on July 09, 2024, Graphic Packaging Holding Co [GPK] has been a Buy and the price target has been revised to $35.20. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in late November. As of October 31, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for GPK.
Analyzing GPK Stock Performance
During the last five days, there has been a surge of approximately 10.18%. Over the course of the year, Graphic Packaging Holding Co shares have jumped approximately 22.11%. Shares of the company reached a 52-week high of $30.66 on 07/31/24 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 $25.76. Nevertheless, trading volume fell to 4.47 million shares from 7.94 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 29.19, which, if violated, would cause prices to drop to 28.29. In the upper region, resistance lies at 30.83. The next price resistance is at 31.56. RSI (Relative Strength Index) is 73.78 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.08, which suggests the price will increase in the coming days. Percent R is at 15.18%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
