Kapstone Paper & Packaging Corp (KS) Files Form 4 Insider Buying : Maurice S Reznik Buys 10,000 Shares

Kapstone Paper & Packaging Corp (KS): Maurice S Reznik , director of Kapstone Paper & Packaging Corp purchased 10,000 shares on May 16, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.68 per share for a total value of $146,770.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 26, 2016, Robert J Bahash (director) purchased 20,000 shares at $9.22 per share price.On Feb 16, 2016, Timothy P Keneally (VP and General Manager) purchased 36,045 shares at $9.44 per share price.Also, On Nov 5, 2015, John Chapman (director) sold 150,000 shares at $21.93 per share price.On Aug 25, 2015, Roger W Stone (CEO) purchased 100,000 shares at $20.91 per share price.

KapStone Paper and Packaging Corp.: On Monday, May 16, 2016 heightened volatility was witnessed in KapStone Paper and Packaging Corp. which led to swings in the share price. The shares opened for trading at $14.58 and hit $15.04 on the upside , eventually ending the session at $14.66, with a gain of 1.45% or 0.21 points. The heightened volatility saw the trading volume jump to 7,49,716 shares. The 52-week high of the share price is $27.79 and the company has a market cap of $1,415 M . The 52-week low of the share price is at $8.95.

KapStone Paper and Packaging Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.KapStone Paper and Packaging Corp. is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 18 from a previous price target of $16 .The Rating was issued on May 2, 2016.KapStone Paper and Packaging Corp. is Downgraded by Dundee to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 20, 2016.KapStone Paper and Packaging Corp. is Initiated by BofA/Merrill to Underperform. The Rating was issued on Apr 6, 2016.KapStone Paper and Packaging Corp. is Initiated by Standpoint Research to Buy and the brokerage firm has set the Price Target at $18. The Rating was issued on Mar 31, 2016.

KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard corrugated products and specialty paper for industrial and consumer markets. Containerboard consisting of linerboard and corrugated medium is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap end caps roll wrap pet food cement and chemicals grocery bags and dunnage bags. The Company’s specialty paper products are manufactured for a variety of converters including laminators coaters insulation manufacturers agricultural product processors and food product packaging producers. As of December 31 2014 the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.

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