Shares of BPC Acquisition Corp (BERY) Sees Large Outflow of Money

BPC Acquisition Corp (BERY) : Tuesdays money flow analysis of BPC Acquisition Corp (BERY) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $10.38 million. In comparison, the inflow of money on upticks was a meager $7.03 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.35 million. The uptick to downtick ratio of 0.68 in the money flow shows weakness. The uptick block trades were valued at $0.45 million. The downtick transaction value was high at $3.2 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.14. Hence, the net money flow in the stock was negative ($2.75 million). BPC Acquisition Corp (BERY) gained $0.3 at $45.33, a change of 0.67% over the previous days close.


Also, Equity Analysts at the Baird maintains the rating on BPC Acquisition Corp (NYSE:BERY). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $48 per share to $55 per share. The rating by the firm was issued on August 26, 2016.

Shares of Berry Plastics Group, Inc. rose by 3.07% in the last five trading days and 10.59% for the last 4 weeks. Berry Plastics Group, Inc. is up 14.59% in the last 3-month period. Year-to-Date the stock performance stands at 25.29%.

BPC Acquisition Corp (NYSE:BERY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.03 and $45.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.33, notching a gain of 0.67% for the day. The total traded volume was 926,080 . The stock had closed at $45.03 on the previous day.

In a related news,The officer (President) of Berry Plastics Group Inc, Begle Curt sold 16,143 shares at $42.07 on August 10, 2016. The Insider selling transaction had a total value worth of $679,136. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.