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 $4,638,937 were sold by DOSS MICHAEL P on Aug 08 ’24. At $28.21 per share, DOSS MICHAEL P sold 164,443 shares. The insider’s holdings dropped to 1,958,759 shares worth approximately $56.06 million following the completion of this transaction.
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Also, DOSS MICHAEL P sold 86,374 shares, netting a total of over 2,422,791 in proceeds. Following the sale of shares at $28.05 each, the insider now holds 2,123,202 shares.
Before that, DOSS MICHAEL P had sold 49,183 shares from its account. In a trade valued at $1,372,698, the President and CEO traded Graphic Packaging Holding Co shares for $27.91 each. Upon closing the transaction, the insider’s holdings decreased to 49,183 shares, worth approximately $54.65 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 drop of approximately -3.15%. Over the course of the year, Graphic Packaging Holding Co shares have jumped approximately 16.11%. 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 $29.03, while a 200-day SMA reached $27.33. Nevertheless, trading volume fell to 2.7 million shares from 1.46 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 28.31, which, if violated, would cause prices to drop to 27.99. In the upper region, resistance lies at 29.05. The next price resistance is at 29.48. RSI (Relative Strength Index) is 43.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 90.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
