Sealed Air Corporation (NYSE:SEE) has tumbled 2.74% during the past week and has dropped 0.06% 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 1.57%. Sealed Air Corporation (NYSE:SEE) has underperformed the index by 0.98% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sealed Air Corporation (NYSE:SEE): The stock opened at $47.21 on Friday but the bulls could not build on the opening and the stock topped out at $47.38 for the day. The stock traded down to $46.44 during the day, due to lack of any buying support eventually closed down at $46.84 with a loss of -1.01% for the day. The stock had closed at $47.32 on the previous day. The total traded volume was 2,302,870 shares.
The company shares have dropped -10.20% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $55.84 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $46.94 and the 200 Day Moving Average price is recorded at $45.53.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Roper Ruth, officer (Vice President) of Sealed Air Corp/De, had unloaded 18,000 shares at an average price of $44.08 in a transaction dated on February 22, 2016. The total value of the transaction was worth $793,440.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs assumes its rating on Sealed Air Corporation (NYSE:SEE). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Goldman Sachs announces a current price target of $59 per share. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 0.86% of Sealed Air Corporation shares according to the proxy statements. Institutional Investors own 89.43% of Sealed Air Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -11.82%.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Companys segments include Food Care, which provides integrated system solutions for retailers and food service operators; Diversey Care, which provides integrated system solutions for food safety and security under Diversey brand; Product Care, which provides product care solutions to meet cushioning, void fill, positioning or block-and-bracing and surface protection, among others, and Other, which includes corporate, medical applications and new ventures businesses. Its brands include Cryovac packaging technology, Diversey and Taski brand cleaning and hygiene solutions, Bubble Wrap brand cushioning, Jiffy protective mailers and Instapak foam-in-place systems. In addition, the Company offers I-Pack system, which supports various pick stations, and e-Cube system, which is an automated packaging solution.