Graphic Packaging Holding Company (NYSE:GPK) has tumbled 4.53% during the past week and has dropped 5.03% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.38%. Graphic Packaging Holding Company (NYSE:GPK) has underperformed the index by 5.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Graphic Packaging Holding Company (NYSE:GPK): The stock opened at $12.66 on Friday but the bulls could not build on the opening and the stock topped out at $12.80 for the day. The stock traded down to $12.55 during the day, due to lack of any buying support eventually closed down at $12.65 with a loss of -0.39% for the day. The stock had closed at $12.70 on the previous day. The total traded volume was 2,951,651 shares.
The company shares have dropped -10.16% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $15.28 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $13.15 and the 200 Day Moving Average price is recorded at $12.67.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman) of Graphic Packaging Holding Co, Scheible David W had sold 150,000 shares worth of $1,986,000 in a transaction dated May 13, 2016. In this transaction, 150,000 shares were sold at $13.24 per share.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Goldman Sachs assumes its ratings on Graphic Packaging Holding Company (NYSE:GPK). In the latest research report, Goldman Sachs announces the target price to $16.5 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 1.47% of Graphic Packaging Holding Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.25% . Institutional Investors own 95.72% of Graphic Packaging Holding Company shares. During last six month period, the net percent change held by insiders has seen a change of -32.23%.
Graphic Packaging Holding Company is a provider of paper-based packaging solutions to food, beverage and other consumer products companies. The Company operates in four geographic areas, which includes the United States/Canada, Central/South America, Europe and Asia Pacific. The Companys paperboard packaging includes the design, manufacture and installation of packaging machinery related to the assembly of cartons, as well as the production and sale of corrugated medium and kraft paper from paperboard mills in the United States. It includes a system of mills and plants that produce a range of paperboard grades convertible into folding cartons. The Company offers various laminated, coated and printed packaging structures that are produced from its coated unbleached kraft (CUK), coated-recycled board (CRB), as well as other grades of paperboard that are purchased from third-party suppliers.