BPC Acquisition Corp (BERY) : Traders are bullish on BPC Acquisition Corp (BERY) as it has outperformed the S&P 500 by a wide margin of 8.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.02%, 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 1.99% in the last 1 week, and is up 8.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Berry Plastics Group, Inc. is up 14.31% in the last 3-month period. Year-to-Date the stock performance stands at 20.54%. The stock has recorded a 20-day Moving Average of 4.5% and the 50-Day Moving Average is 9.53%.
BPC Acquisition Corp (NYSE:BERY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.35 and $43.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.61, notching a gain of 0.46% for the day. The total traded volume was 1,013,497 . The stock had closed at $43.41 on the previous day.
Also, Major Brokerage house, Credit Suisse maintains its ratings on BPC Acquisition Corp (NYSE:BERY). In the latest research report, Credit Suisse raises the target price from $48 per share to $52 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on August 12, 2016.
Berry Plastics Group, Inc. is engaged in providing plastic consumer packaging and engineered materials. The Companys products include drink cups, thin-wall containers, bottles, specialty closures, prescription vials, specialty films, adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top, which sells primarily containers, foodservice items, closures, overcaps, bottles, prescription containers, and tubes; Engineered Materials, which sells pipeline corrosion protection solutions, tapes and adhesives, PE (polyethylene)-based film products and can liners; and Flexible Packaging, which sells high barrier, multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets, such as food and beverage, healthcare and personal care.