Sealed Air Corporation (NYSE:SEE) : Wednesdays money flow analysis of Sealed Air Corporation (NYSE:SEE) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $22.72 million. In comparison, the inflow of money on upticks was a meager $14.35 million. The dollar value of composite uptick trades minus the downtick trades was negative $8.37 million. The uptick to downtick ratio of 0.63 in the money flow shows weakness. The uptick block trades were valued at $1.67 million. The downtick transaction value was high at $10.67 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.16. Hence, the net money flow in the stock was negative ($9 million). Sealed Air Corporation (NYSE:SEE) gained $1.12 at $45.13, a change of 2.54% over the previous days close.
In an insider trading activity, Roper Ruth, officer (Vice President) of Sealed Air Corp/De, unloaded 18,000 shares at an average price of $44.08 on February 22, 2016. The total amount of the transaction was worth $793,440, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.86% of Sealed Air Corporation shares according to the proxy statements. Institutional Investors own 89.45% of Sealed Air Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -11.82%.
The company shares have dropped -15.40% 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 $46.73 and the 200 Day Moving Average price is recorded at $45.61. Sealed Air Corporation (NYSE:SEE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.63 and $44.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.13, notching a gain of 2.54% for the day. The total traded volume was 2,348,777 . The stock had closed at $44.01 on the previous day.
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.