Sealed Air Corporation (SEE) : Traders are bullish on Sealed Air Corporation (SEE) as it has outperformed the S&P 500 by a wide margin of 0.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.82%, 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 4.36% in the last 1 week, and is up 4.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.61% and the 50-Day Moving Average is 5.22%.
Sealed Air Corporation (NYSE:SEE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.26 and $48.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.08, notching a gain of 1.55% for the day. The total traded volume was 1,588,888 . The stock had closed at $48.33 on the previous day.
The company Insiders own 0.86% of Sealed Air Corporation shares according to the proxy statements. Institutional Investors own 89.29% of Sealed Air Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -11.82%. In a related news,The officer (Vice President) of Sealed Air Corp/De, Roper Ruth sold 18,000 shares at $44.08 on February 22, 2016. The Insider selling transaction had a total value worth of $793,440. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.