KapStone Paper and Packaging Corporation (KS) : Traders are bullish on KapStone Paper and Packaging Corporation (KS) as it has outperformed the S&P 500 by a wide margin of 4.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.41%, 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 2.46% in the last 1 week, and is up 6.06% 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 4.59% and the 50-Day Moving Average is 5.56%. KapStone Paper and Packaging Corporation (NYSE:KS): On Fridays trading session , Opening price of the stock was $15.71 with an intraday high of $15.71. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.2. However, the stock managed to close at $15.4, a loss of 2.35% for the day. On the previous day, the stock had closed at $15.77. The total traded volume of the day was 869,091 shares.
The company Insiders own 13.3% of KapStone Paper and Packaging Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.06% . Institutional Investors own 83.84% of KapStone Paper and Packaging Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -1.23%. Also, Deutsche Bank maintains its view on KapStone Paper and Packaging Corporation (NYSE:KS) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $14 per share to $15 per share on KapStone Paper and Packaging Corporation. The rating by the firm was issued on August 10, 2016.
KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard, corrugated products and specialty paper for industrial and consumer markets. Containerboard, consisting of linerboard and corrugated medium, is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap, end caps, roll wrap, pet food, cement and chemicals, grocery bags and dunnage bags. The Companys specialty paper products are manufactured for a variety of converters, including laminators, coaters, insulation manufacturers, agricultural product processors and food product packaging producers. As of December 31, 2014, the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.