Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Graphic Packaging Holding Co shares valued at $750,841 were sold by Farrell Michael James on Nov 06 ’24. At $28.99 per share, Farrell Michael James sold 25,900 shares. The insider’s holdings dropped to 81,026 shares worth approximately $2.35 million following the completion of this transaction.
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Also, Farrell Michael James purchased 25,900 shares, netting a total of over 750,916 in proceeds.
Before that, DOSS MICHAEL P had sold 164,443 shares from its account. In a trade valued at $4,638,937, the President and CEO traded Graphic Packaging Holding Co shares for $28.21 each. Upon closing the transaction, the insider’s holdings decreased to 164,443 shares, worth approximately $56.9 million.
As published in a research note from Truist on October 30, 2024, Graphic Packaging Holding Co [GPK] has been rated down from a Buy to a Hold. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of November 27, 2023, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for GPK. Earlier on October 31, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for GPK stock which previously was a “a Neutral”.
Analyzing GPK Stock Performance
During the last five days, there has been a surge of approximately 2.80%. Over the course of the year, Graphic Packaging Holding Co shares have jumped approximately 17.85%. Shares of the company reached a 52-week high of $30.70 on 10/28/24 and a 52-week low of $23.47 on 02/20/24. A 50-day SMA is recorded $29.28, while a 200-day SMA reached $27.82. Nevertheless, trading volume fell to 2.57 million shares from 1.8 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 28.77, which, if violated, would cause prices to drop to 28.48. In the upper region, resistance lies at 29.53. The next price resistance is at 30.00. RSI (Relative Strength Index) is 50.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 53.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
