Berry Plastics Group Inc (BERY): Curt Begle , President of Berry Plastics Group Inc sold 10,770 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $38.26 per share for a total value of $412,069.91 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 18, 2016, Jonathan D Rich (Chief Executive Officer) sold 62,500 shares at $33.89 per share price.On Nov 20, 2015, Mark W Miles (Chief Financial Officer) sold 10,000 shares at $36.04 per share price.Also, On Nov 19, 2015, Jason K. Greene (EVP – General Counsel) sold 7,810 shares at $36.00 per share price.On Nov 17, 2015, Curt Begle (President) sold 8,100 shares at $36.07 per share price.
Berry Plastics Group Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Berry Plastics Group Inc which led to swings in the share price. The shares opened for trading at $36.9 and hit $38 on the upside , eventually ending the session at $37.09, with a gain of 1.98% or 0.72 points. The heightened volatility saw the trading volume jump to 26,07,169 shares. The 52-week high of the share price is $38 and the company has a market cap of $4,469 M . The 52-week low of the share price is at $27.79.
Company has been under the radar of several Street Analysts.Berry Plastics Group Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $41 .The Rating was issued on May 11, 2016.Berry Plastics Group Inc is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $38. The Rating was issued on Feb 19, 2016.
Berry Plastics Group Inc. is engaged in providing plastic consumer packaging and engineered materials. The Companys products include drink cups thin-wall containers bottles specialty closures prescription vials specialty films adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top which sells primarily containers foodservice items closures overcaps bottles prescription containers and tubes; Engineered Materials which sells pipeline corrosion protection solutions tapes and adhesives PE (polyethylene)-based film products and can liners; and Flexible Packaging which sells high barrier multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets such as food and beverage healthcare and personal care.