The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sonoco Products Co shares valued at $191,820 were sold by HILL ROBERT R JR on Jan 07 ’25. At $47.95 per share, HILL ROBERT R JR sold 4,000 shares. The insider’s holdings dropped to 16,065 shares worth approximately $0.76 million following the completion of this transaction.
Also, Florence John M sold 13,660 shares, netting a total of over 699,399 in proceeds. Following the sale of shares at $51.20 each, the insider now holds 7,052 shares.
Before that, Florence John M had added 13,660 shares to its account. In a trade valued at $698,034, the Officer bought Sonoco Products Co shares for $51.10 each.
As published in their initiating research note from Truist on November 26, 2024, Sonoco Products Co [SON] has been a Buy and the price target has been revised to $63. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in late August. As of July 19, 2024, Raymond James has initiated its “an Outperform” rating for SON. Earlier on August 03, 2023, Argus downgraded its rating. Their new recommendation was “a Hold” for SON stock which previously was a “a Buy”.
Analyzing SON Stock Performance
During the last five days, there has been a drop of approximately -0.42%. Over the course of the year, Sonoco Products Co shares have dropped approximately -3.36%. Shares of the company reached a 52-week high of $49.12 on 01/02/25 and a 52-week low of $45.93 on 01/13/25. A 50-day SMA is recorded $50.05, while a 200-day SMA reached $53.59. Nevertheless, trading volume fell to 0.66 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for Sonoco Products Co (SON)
According to the 24-hour chart, there is a support level at 46.87, which, if violated, would cause prices to drop to 46.53. In the upper region, resistance lies at 47.75. The next price resistance is at 48.28. RSI (Relative Strength Index) is 37.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 67.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
