Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sealed Air Corp shares valued at $273,909 were purchased by Thomsen Jannick on Aug 13 ’24. At $32.76 per share, Thomsen Jannick acquired 8,361 shares.
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As published in a research note from Raymond James on October 17, 2024, Sealed Air Corp [SEE] has been rated up from a Mkt perform to a Strong buy and the price target has been revised to $42. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early September. As of August 09, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for SEE. Earlier on July 19, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for SEE stock which previously was a “an Outperform”.
Analyzing SEE Stock Performance
During the last five days, there has been a surge of approximately 0.17%. Over the course of the year, Sealed Air Corp shares have dropped approximately -2.44%. Shares of the company reached a 52-week high of $41.14 on 06/06/24 and a 52-week low of $30.87 on 04/17/24. A 50-day SMA is recorded $35.44, while a 200-day SMA reached $35.48. Nevertheless, trading volume fell to 1.34 million shares from 2.24 million shares the previous day.
Support And Resistance Levels for Sealed Air Corp (SEE)
According to the 24-hour chart, there is a support level at 35.32, which, if violated, would cause prices to drop to 35.00. In the upper region, resistance lies at 35.96. The next price resistance is at 36.28. RSI (Relative Strength Index) is 47.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 76.65%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
