Crown Holdings (CCK) has risen sharply, recording gains of 4.31% in the past 4 weeks. However, the stock has corrected -0.13% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.24% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.67% and the 50-Day Moving Average is 3%. Crown Holdings (NYSE:CCK): On Fridays trading session , Opening price of the stock was $54.62 with an intraday high of $54.72. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.875. However, the stock managed to close at $54.01, a loss of 1.15% for the day. On the previous day, the stock had closed at $54.64. The total traded volume of the day was 818,896 shares.
The company Insiders own 1.8% of Crown Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.93% . Institutional Investors own 85.62% of Crown Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -24.32%. Also, Barclays maintains its view on Crown Holdings (NYSE:CCK) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $62 per share to $64 per share on Crown Holdings . The rating by the firm was issued on July 25, 2016.
Crown Holdings, Inc. is engaged in design, manufacture and sale of packaging products for consumer goods. The Companys business is organized within three divisions, Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. Within the Americas Division, the Company operates Americas Beverage and North America Food. Within the European Division, the Company operates European Beverage and European Food. The Companys Asia Pacific Division consists of beverage can operations and also includes the Companys non-beverage can operations, such as food cans and specialty packaging. The Company also operates European aerosol and specialty packaging business, its North American aerosol can business and its tooling and equipment operations in the United States and United Kingdom. The Companys products include steel and aluminum cans for food, beverage, household and other consumer products, and metal vacuum closures and caps.