Graphic Packaging Holding Company (GPK) : Wednesdays money flow analysis of Graphic Packaging Holding Company (GPK) 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 $3.37 million. In comparison, the inflow of money on upticks was a meager $1.36 million. The dollar value of composite uptick trades minus the downtick trades was negative $2 million. The uptick to downtick ratio of 0.4 in the money flow shows weakness. The downtick transaction value was high at $2.09 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($2.09 million). Graphic Packaging Holding Company (GPK) gained $0.25 at $13.25, a change of 1.88% over the previous days close.
Also, Goldman Sachs assumes their rating on the shares of Graphic Packaging Holding Company (NYSE:GPK). The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $16.5 per share. The rating by the firm was issued on June 1, 2016.
Graphic Packaging Holding Company (NYSE:GPK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.00 and $12.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.15, notching a gain of 1.15% for the day. The total traded volume was 3,469,618 . The stock had closed at $13.00 on the previous day.
The stock has recorded a 20-day Moving Average of 3.14% and the 50-Day Moving Average is 1.25%. In a related news, The director officer (Chairman), of Graphic Packaging Holding Co, Scheible David W had unloaded 150,000 shares at $13.24 per share in a transaction on May 13, 2016. The total value of transaction was $1,986,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.