Sealed Air Corporation (SEE) : During the past 4 weeks, traders have been relatively bearish on Sealed Air Corporation (SEE), hence the stock is down -5.11% 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 -1.1% relative to the S&P 500. The 4-week change in the price of the stock is -4.74% and the stock has fallen -1.13% in the past 1 week.
Sealed Air Corporation has dropped 0.7% during the last 3-month period . Year-to-Date the stock performance stands at 4.64%. The stock has recorded a 20-day Moving Average of 1.72% and the 50-Day Moving Average is 1.54%.
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 $46.10 and $45.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.38, notching a gain of 0.09% for the day. The total traded volume was 1,233,444 . The stock had closed at $46.34 on the previous day.
Also, In a research note released to the investors, Jefferies maintains its rating on Sealed Air Corporation (NYSE:SEE).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $52 per share to $50 per share. The rating by the firm was issued on July 29, 2016.
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.