Bemis Company (BMS) : During the past 4 weeks, traders have been relatively bearish on Bemis Company (BMS), hence the stock is down -6.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.57% relative to the S&P 500. The 4-week change in the price of the stock is -5.56% and the stock has fallen -1.51% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.57% and the 50-Day Moving Average is 1.96%. Bemis Company (NYSE:BMS): On Fridays trading session , Opening price of the stock was $50.06 with an intraday high of $50.22. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $49.85. However, the stock managed to close at $50.14, a loss of 0.10% for the day. On the previous day, the stock had closed at $50.19. The total traded volume of the day was 702,033 shares.
The company Insiders own 1.1% of Bemis Company shares according to the proxy statements. Institutional Investors own 75.56% of Bemis Company shares. Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on Bemis Company (NYSE:BMS). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $48 per share to $47 per share. The rating by the firm was issued on August 1, 2016.
Bemis Company, Inc. is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging for food and personal care product applications, as well as non-food applications. The Global Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging for a range of food, medical, pharmaceutical, personal care, electronics and industrial applications. The Company offers its products primarily to the customers in the food industry. Its other customers include companies operating in a range of businesses, including chemical, agribusiness, medical, pharmaceutical, personal care, electronics, automotive, construction, and other consumer goods.