Sonoco Products Co’s recently made public that its Director Haley John R acquired Company’s shares for reported $0.14 million on Feb 27 ’25. In the deal valued at $46.76 per share,3,000 shares were bought. As a result of this transaction, Haley John R now holds 18,558 shares worth roughly $0.89 million.
Then, Haynes Ernest D III bought 2,453 shares, generating $115,513 in total proceeds.
Before that, Coker R. Howard bought 20,000 shares. Sonoco Products Co shares valued at $929,500 were divested by the President & CEO at a price of $46.48 per share. As a result of the transaction, Coker R. Howard now holds 527,028 shares, worth roughly $25.17 million.
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 jump 1.81% to $47.75. Over the last five days, the stock has lost -0.15%. Sonoco Products Co shares have fallen nearly -2.25% since the year began. Nevertheless, the stocks have fallen -15.90% over the past one year. While a 52-week high of $61.73 was reached on 01/28/25, a 52-week low of $44.35 was recorded on 02/19/25. SMA at 50 days reached $47.67, while 200 days put it at $51.84.
Levels Of Support And Resistance For SON Stock
The 24-hour chart illustrates a support level at 46.85, which if violated will result in even more drops to 45.94. On the upside, there is a resistance level at 48.34. A further resistance level may holdings at 48.93. The Relative Strength Index (RSI) on the 14-day chart is 52.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.86%. Stochastics %K at 59.49% indicates the stock is a holding.
