Sonoco Products Company (NYSE:SON) : Traders are bullish on Sonoco Products Company (NYSE:SON) as it has outperformed the S&P 500 by a wide margin of 4.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.13%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.42% in the last 1 week, and is up 6.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 15.92% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $50.88 and the one year low was seen on Jul 16, 2015. The 50-Day Moving Average price is $47.93 and the 200 Day Moving Average price is recorded at $45.05.
The stock has recorded a 20-day Moving Average of 5.7% and the 50-Day Moving Average is 7.14%.
Sonoco Products Company (NYSE:SON): stock turned positive on Friday. Though the stock opened at $50.49, the bulls momentum made the stock top out at $50.88 level for the day. The stock recorded a low of $50.205 and closed the trading day at $50.83, in the green by 1.70%. The total traded volume for the day was 654,137. The stock had closed at $49.98 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP Human Resources) of Sonoco Products Co, Mcleland Allan H had sold 5,875 shares worth of $293,750 in a transaction dated July 1, 2016. In this transaction, 5,875 shares were sold at $50 per share.
Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Company has 335 locations in 33 countries. The Companys Consumer Packaging segments operations comprise 90 plants across the world. The Companys Display and Packaging segments operations comprise 27 plants around the world including the United States, Poland, Mexico and Brazil. The Companys Paper and Industrial Converted Products segment provides the primary raw material for the Companys fiber-based packaging. The Protective Solutions segments products include custom-engineered, paperboard-based and expanded foam protective packaging and components, and temperature-assured packaging.