Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ranpak Holdings Corp shares valued at $100,156 were sold by Jones Michael Anthony on May 30 ’24. At $6.41 per share, Jones Michael Anthony sold 15,625 shares. The insider’s holdings dropped to 214,859 shares worth approximately $1.43 million following the completion of this transaction.
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Also, Siebert Mark A. purchased 267 shares, netting a total of over 1,063 in proceeds. Following the buying of shares at $3.98 each, the insider now holds 267 shares.
Before that, Siebert Mark A. had added 5 shares to its account. In a trade valued at $20, the MD, North America bought Ranpak Holdings Corp shares for $4.10 each. Upon closing the transaction, the insider’s holdings increased to 5 shares, worth approximately $1811.52.
As published in a research note from Robert W. Baird on August 14, 2024, Ranpak Holdings Corp [PACK] has been rated down from an Outperform to a Neutral and the price target has been revised to $10. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of August 10, 2021, Robert W. Baird has initiated its “an Outperform” rating for PACK. Earlier on April 26, 2021, Berenberg initiated its rating. Their recommendation was “a Buy” for PACK stock.
Analyzing PACK Stock Performance
During the last five days, there has been a drop of approximately -5.67%. Over the course of the year, Ranpak Holdings Corp shares have jumped approximately 14.43%. Shares of the company reached a 52-week high of $9.04 on 08/01/24 and a 52-week low of $3.85 on 02/05/24. A 50-day SMA is recorded $7.03, while a 200-day SMA reached $6.07. Nevertheless, trading volume fell to 0.36 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Ranpak Holdings Corp (PACK)
According to the 24-hour chart, there is a support level at 6.55, which, if violated, would cause prices to drop to 6.43. In the upper region, resistance lies at 6.79. The next price resistance is at 6.91. RSI (Relative Strength Index) is 41.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 90.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
