Silgan Holdings Inc.’s recent filing unveils that its Officer McGrath Stacey J. acquired Company’s shares for reported $84304.0 on Aug 05 ’24. In the deal valued at $52.69 per share,1,600 shares were bought.
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Then, McGrath Stacey J. sold 1,600 shares, generating $78,457 in total proceeds. Upon selling the shares at $49.04, the Vice President, Tax now owns 11,495 shares.
Before that, MARTIN JAY A sold 36,177 shares. Silgan Holdings Inc. shares valued at $1,709,964 were divested by the Senior Vice President at a price of $47.27 per share. As a result of the transaction, MARTIN JAY A now holds 107,984 shares, worth roughly $5.3 million.
JP Morgan upgraded its Silgan Holdings Inc. [SLGN] rating to a Neutral from a an Underweight in a research note published on August 01, 2024; the price target was increased to $53 from $46. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. Citigroup also remained covering SLGN and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of SLGN
On Tuesday, Silgan Holdings Inc. [NYSE:SLGN] saw its stock jump 1.40% to $49.08. Over the last five days, the stock has gained 0.70%. Silgan Holdings Inc. shares have risen nearly 8.46% since the year began. Nevertheless, the stocks have risen 11.72% over the past one year. While a 52-week high of $52.84 was reached on 08/01/24, a 52-week low of $38.11 was recorded on 07/05/24. SMA at 50 days reached $45.48, while 200 days put it at $44.70. A total of 0.88 million shares were traded, compared to the trading of 1.11 million shares in the previous session.
Levels Of Support And Resistance For SLGN Stock
The 24-hour chart illustrates a support level at 48.39, which if violated will result in even more drops to 47.69. On the upside, there is a resistance level at 49.72. A further resistance level may holdings at 50.35. The Relative Strength Index (RSI) on the 14-day chart is 59.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.84%. Stochastics%K at 58.67% indicates the stock is a holding.
