KapStone Paper and Packaging Corporation (KS) has risen sharply, recording gains of 7.37% in the past 4 weeks. However, the stock has corrected -2.33% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.37% and the 50-Day Moving Average is 1.84%. KapStone Paper and Packaging Corporation has dropped 9.42% during the last 3-month period . Year-to-Date the stock performance stands at -35.8%.
KapStone Paper and Packaging Corporation (NYSE:KS): stock turned positive on Friday. Though the stock opened at $13.88, the bulls momentum made the stock top out at $14.4 level for the day. The stock recorded a low of $13.74 and closed the trading day at $14.28, in the green by 2.44%. The total traded volume for the day was 1,051,743. The stock had closed at $13.94 in the previous days trading.
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.