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. Ranpak Holdings Corp shares valued at $100,156 were sold by Jones Michael Anthony on May 30 ’24. At $6.41 per share, Jones Michael Anthony sold 15,625 shares. The insider’s holdings dropped to 214,859 shares worth approximately $0.76 million following the completion of this transaction.
As published in their initiating research note from Cantor Fitzgerald on December 19, 2024, Ranpak Holdings Corp [PACK] has been an Overweight and the price target has been revised to $11.50. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of August 24, 2021, Goldman has initiated its “Neutral” rating for PACK. Earlier on August 10, 2021, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for PACK stock.
Analyzing PACK Stock Performance
During the last five days, there has been a surge of approximately 16.72%. Over the course of the year, Ranpak Holdings Corp shares have dropped approximately -48.26%. Shares of the company reached a 52-week high of $8.70 on 01/30/25 and a 52-week low of $2.91 on 05/06/25. A 50-day SMA is recorded $4.64, while a 200-day SMA reached $6.32.
Support And Resistance Levels for Ranpak Holdings Corp (PACK)
According to the 24-hour chart, there is a support level at 3.47, which, if violated, would cause prices to drop to 3.37. In the upper region, resistance lies at 3.66. The next price resistance is at 3.75. RSI (Relative Strength Index) is 41.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 58.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
