In a filing, Sonoco Products Co revealed its Director HILL ROBERT R JR unloaded Company’s shares for reported $0.19 million on Jan 07 ’25. In the deal valued at $47.95 per share,4,000 shares were sold. As a result of this transaction, HILL ROBERT R JR now holds 16,065 shares worth roughly $0.74 million.
Then, Florence John M sold 13,660 shares, generating $699,399 in total proceeds. Upon selling the shares at $51.20, the VP, Gnl Council, Secy, CHRO now owns 7,052 shares.
Before that, Florence John M bought 13,660 shares. Sonoco Products Co shares valued at $698,034 were divested by the Officer at a price of $51.10 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 -2.83% to $45.93. Over the last five days, the stock has lost -4.33%. Sonoco Products Co shares have fallen nearly -5.98% since the year began. Nevertheless, the stocks have fallen -20.54% over the past one year. While a 52-week high of $61.73 was reached on 01/02/25, a 52-week low of $46.46 was recorded on 01/10/25. SMA at 50 days reached $50.38, while 200 days put it at $53.74.
Levels Of Support And Resistance For SON Stock
The 24-hour chart illustrates a support level at 45.61, which if violated will result in even more drops to 45.28. On the upside, there is a resistance level at 46.58. A further resistance level may holdings at 47.22. The Relative Strength Index (RSI) on the 14-day chart is 24.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 12.54% 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.
