Sonoco Products Co’s filing revealed that its VP, Gnl Council, Secy, CHRO Florence John M unloaded Company’s shares for reported $0.7 million on Nov 04 ’24. In the deal valued at $51.20 per share,13,660 shares were sold. As a result of this transaction, Florence John M now holds 7,052 shares worth roughly $0.34 million.
Then, Florence John M bought 13,660 shares, generating $698,034 in total proceeds.
Before that, Tomaszewski Jeffrey S bought 6,200 shares. Sonoco Products Co shares valued at $340,023 were divested by the Former Officer at a price of $54.84 per share.
Truist initiated its Sonoco Products Co [SON] rating to a Buy in a research note published on November 26, 2024; the price target was $63. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late August from “an Equal weight” to “an Underweight”. Raymond James began covering SON with “an Outperform” recommendation on July 19, 2024. Argus revised its rating on August 03, 2023. It rated SON as “a Hold” which previously was an “a Buy”.
Price Performance Review of SON
On Friday, Sonoco Products Co [NYSE:SON] saw its stock fall -0.63% to $48.89. Over the last five days, the stock has lost -2.51%. Sonoco Products Co shares have fallen nearly -12.49% since the year began. Nevertheless, the stocks have fallen -13.08% over the past one year. While a 52-week high of $61.73 was reached on 06/03/24, a 52-week low of $48.22 was recorded on 07/05/24. SMA at 50 days reached $51.22, while 200 days put it at $54.10.
Levels Of Support And Resistance For SON Stock
The 24-hour chart illustrates a support level at 48.56, which if violated will result in even more drops to 48.24. On the upside, there is a resistance level at 49.37. A further resistance level may holdings at 49.86. The Relative Strength Index (RSI) on the 14-day chart is 36.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.80%. Stochastics %K at 7.37% indicates the stock is a buying.
How much short interest is there in Sonoco Products Co?
A steep rise in short interest was recorded in Sonoco Products Co stocks on 2024-12-13, growing by 0.31 million shares to a total of 1.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.45 million shares. There was a rise of 17.44%, which implies that there is a positive sentiment for the stock.
