Sonoco Products Co’s recent filing unveils that its President & CEO Coker R. Howard acquired Company’s shares for reported $0.92 million on Mar 13 ’25. In the deal valued at $46.10 per share,20,000 shares were bought. As a result of this transaction, Coker R. Howard now holds 482,365 shares worth roughly $22.56 million.
Then, Haley John R bought 3,000 shares, generating $140,270 in total proceeds. Upon buying the shares at $46.76, the Director now owns 18,558 shares.
Before that, Haynes Ernest D III bought 2,453 shares. Sonoco Products Co shares valued at $115,513 were divested by the Officer at a price of $47.09 per share.
Jefferies initiated its Sonoco Products Co [SON] rating to a Buy in a research note published on April 22, 2025; the price target was $62. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Wells Fargo also remained covering SON and has decreased its forecast on August 21, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Raymond James started covering the stock on July 19, 2024. It rated SON as “an Outperform”.
Price Performance Review of SON
On Tuesday, Sonoco Products Co [NYSE:SON] saw its stock jump 0.67% to $46.76. Over the last five days, the stock has gained 3.89%. Sonoco Products Co shares have fallen nearly -4.28% since the year began. Nevertheless, the stocks have fallen -16.77% over the past one year. While a 52-week high of $61.73 was reached on 01/28/25, a 52-week low of $39.46 was recorded on 04/09/25. SMA at 50 days reached $45.93, while 200 days put it at $49.94.
Levels Of Support And Resistance For SON Stock
The 24-hour chart illustrates a support level at 46.40, which if violated will result in even more drops to 46.05. On the upside, there is a resistance level at 47.15. A further resistance level may holdings at 47.55. The Relative Strength Index (RSI) on the 14-day chart is 57.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.56%. Stochastics %K at 96.16% indicates the stock is a selling.
How much short interest is there in Sonoco Products Co?
A steep rise in short interest was recorded in Sonoco Products Co stocks on 2025-04-15, growing by 0.13 million shares to a total of 3.32 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 3.2 million shares. There was a rise of 3.9%, which implies that there is a positive sentiment for the stock.
