Sonoco Products Co (SON) Files Form 4 Insider Selling : Marcy J Thompson Sells 431 Shares

Sonoco Products Co (SON): Marcy J Thompson , VP,Marketing&Innovations of Sonoco Products Co sold 431 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $47.48 per share for a total value of $20,465.47 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, R. Howard Coker (VP Global Rigid Paper&Closures) sold 9,320 shares at $47.49 per share price.On Mar 15, 2016, Roger P Schrum (VP Invstr Rel & Corp Affairs) sold 1,283 shares at $45.53 per share price.Also, On Feb 25, 2016, Rodger D Fuller (VP GLOB Primary Materials Grp) sold 1,533 shares at $42.85 per share price.On Feb 25, 2016, Ritchie L Bond (VP, Treasurer, Sec.) sold 2,924 shares at $42.15 per share price.

Sonoco Products Co: On Friday, Apr 22, 2016 heightened volatility was witnessed in Sonoco Products Co which led to swings in the share price. The shares opened for trading at $46.65 and hit $47.64 on the upside , eventually ending the session at $47.47, with a gain of 2.17% or 1.01 points. The heightened volatility saw the trading volume jump to 7,08,792 shares. The 52-week high of the share price is $49.35 and the company has a market cap of $4,793 M . The 52-week low of the share price is at $34.68.

Sonoco Products Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Sonoco Products Co is Downgraded by DA Davidson to Underperform and the brokerage firm has set the Price Target at $42. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 11, 2016.Sonoco Products Co is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 18, 2016.

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging Paper and Industrial Converted Products Display and Packaging and Protective Solutions. The Company has 335 locations in 33 countries. The Company’s Consumer Packaging segment’s operations comprise 90 plants across the world. The Company’s Display and Packaging segment’s operations comprise 27 plants around the world including the United States Poland Mexico and Brazil. The Company’s Paper and Industrial Converted Products segment provides the primary raw material for the Company’s fiber-based packaging. The Protective Solutions segment’s products include custom-engineered paperboard-based and expanded foam protective packaging and components and temperature-assured packaging.

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