Graphic Packaging Holding Co’s recently made public that its President and CEO DOSS MICHAEL P unloaded Company’s shares for reported $4.64 million on Aug 08 ’24. In the deal valued at $28.21 per share,164,443 shares were sold. As a result of this transaction, DOSS MICHAEL P now holds 1,958,759 shares worth roughly $54.45 million.
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Then, DOSS MICHAEL P sold 86,374 shares, generating $2,422,791 in total proceeds. Upon selling the shares at $28.05, the President and CEO now owns 2,123,202 shares.
Before that, DOSS MICHAEL P sold 49,183 shares. Graphic Packaging Holding Co shares valued at $1,372,698 were divested by the President and CEO at a price of $27.91 per share. As a result of the transaction, DOSS MICHAEL P now holds 1,909,576 shares, worth roughly $53.09 million.
Truist downgraded its Graphic Packaging Holding Co [GPK] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Raymond James also remained covering GPK and has decreased its forecast on November 27, 2023 with a “Mkt perform” recommendation from previously “Strong buy” rating. BofA Securities revised its rating on October 31, 2023. It rated GPK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GPK
On Monday, Graphic Packaging Holding Co [NYSE:GPK] saw its stock fall -1.70% to $27.80. Over the last five days, the stock has lost -8.40%. Graphic Packaging Holding Co shares have risen nearly 12.78% since the year began. Nevertheless, the stocks have risen 27.00% over the past one year. While a 52-week high of $30.70 was reached on 10/28/24, a 52-week low of $21.25 was recorded on 02/20/24. SMA at 50 days reached $29.32, while 200 days put it at $27.76.
Levels Of Support And Resistance For GPK Stock
The 24-hour chart illustrates a support level at 27.50, which if violated will result in even more drops to 27.21. On the upside, there is a resistance level at 28.36. A further resistance level may holdings at 28.93. The Relative Strength Index (RSI) on the 14-day chart is 36.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.98%. Stochastics %K at 5.87% indicates the stock is a buying.
How much short interest is there in Graphic Packaging Holding Co?
A steep rise in short interest was recorded in Graphic Packaging Holding Co stocks on 2024-10-15, growing by 0.17 million shares to a total of 17.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 16.85 million shares. There was a rise of 0.99%, which implies that there is a positive sentiment for the stock.
