Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sonoco Products Co shares valued at $115,513 were purchased by Haynes Ernest D III on Feb 26 ’25. At $47.09 per share, Haynes Ernest D III acquired 2,453 shares.
Also, Coker R. Howard purchased 20,000 shares, netting a total of over 929,500 in proceeds. Following the buying of shares at $46.48 each, the insider now holds 527,028 shares.
Before that, HILL ROBERT R JR had sold 4,000 shares from its account. In a trade valued at $191,820, the Director traded Sonoco Products Co shares for $47.95 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $0.75 million.
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 surge of approximately 1.08%. Over the course of the year, Sonoco Products Co shares have dropped approximately -4.03%. Shares of the company reached a 52-week high of $49.68 on 01/28/25 and a 52-week low of $44.35 on 02/19/25. A 50-day SMA is recorded $48.18, while a 200-day SMA reached $52.29. Nevertheless, trading volume fell to 0.97 million shares from 1.19 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 46.46, which, if violated, would cause prices to drop to 46.05. In the upper region, resistance lies at 47.22. The next price resistance is at 47.56. RSI (Relative Strength Index) is 44.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 42.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
