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

BPC Acquisition Corp (BERY): The stock had negative money flow to the tune of ($7.19 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $9.83 million, whereas, the outflow of money on downticks was $17.02 million and the ratio between the two was 0.58. The block trade had a negative net money flow of ($7.37 million). The total block trade value undertaken on upticks was $1.68 million. On the other hand, downticks amounted to $9.05 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.19. BPC Acquisition Corp (BERY) closed with marginal gains of 74 cents to end the day at $43.5, an increase of 1.73% over the previous days close. The stock recorded 5.56% for the week.


Shares of Berry Plastics Group, Inc. rose by 4.67% in the last five trading days and 9.02% for the last 4 weeks. Berry Plastics Group, Inc. is up 12.17% in the last 3-month period. Year-to-Date the stock performance stands at 20.23%.

BPC Acquisition Corp (NYSE:BERY): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.83 and $42.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.50, notching a gain of 1.73% for the day. The total traded volume was 1,583,850 . The stock had closed at $42.76 on the previous day.

In a related news, Begle Curt, officer (President) of Berry Plastics Group Inc, unloaded 16,143 shares at an average price of $42.07 on August 10, 2016. The total amount of the transaction was worth $679,136, according to the disclosed information 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.

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