In a filing, Sealed Air Corp. revealed its Former Officer Thomsen Jannick acquired Company’s shares for reported $0.27 million on Aug 13 ’24. In the deal valued at $32.76 per share,8,361 shares were bought.
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Morgan Stanley initiated its Sealed Air Corp. [SEE] rating to an Equal-weight in a research note published on September 04, 2024; the price target was $39. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. RBC Capital Mkts also remained covering SEE and has decreased its forecast on July 19, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Stifel started covering the stock on July 09, 2024. It rated SEE as “a Buy”.
Price Performance Review of SEE
On Tuesday, Sealed Air Corp. [NYSE:SEE] saw its stock jump 1.92% to $34.59. Over the last five days, the stock has gained 4.72%. Sealed Air Corp. shares have fallen nearly -5.28% since the year began. Nevertheless, the stocks have fallen -1.48% over the past one year. While a 52-week high of $41.14 was reached on 06/06/24, a 52-week low of $28.50 was recorded on 04/17/24. SMA at 50 days reached $34.85, while 200 days put it at $35.41.
Levels Of Support And Resistance For SEE Stock
The 24-hour chart illustrates a support level at 34.08, which if violated will result in even more drops to 33.58. On the upside, there is a resistance level at 34.95. A further resistance level may holdings at 35.32. The Relative Strength Index (RSI) on the 14-day chart is 53.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.95%. Stochastics %K at 54.69% indicates the stock is a holding.
How much short interest is there in Sealed Air Corp.?
A steep rise in short interest was recorded in Sealed Air Corp. stocks on 2024-08-30, dropping by -0.53 million shares to a total of 5.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.83 million shares. There was a decline of -9.91%, which implies that there is a negative sentiment for the stock.