NEW YORK, August 17, 2017 /PRNewswire/ --
If you want a Stock Review on BLL, CCK, PKG, or SON then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. This morning attention is geared onto the Packaging and Containers space, which encapsulates any business related to the manufacturing of containers or packaging services. Some businesses that fall under this sector are pure plays that either provide packaging services or build containers, but some conduct business with a mix of both container manufacturing and packaging services. Ahead of today's trading session, DailyStockTracker.com scans the performances of Ball Corp. (NYSE: BLL), Crown Holdings Inc. (NYSE: CCK), Packaging Corp. of America (NYSE: PKG), and Sonoco Products Co. (NYSE: SON). Daily Stock Tracker provides great insights on these stocks in its free research reports at: http://dailystocktracker.com/register/
Broomfield, Colorado headquartered Ball Corp.'s shares rose 1.24%, finishing Wednesday's trading session at $40.82. A total volume of 1.23 million shares was traded. In the previous three months and since the start of this year, the stock has advanced 2.10% and 8.75%, respectively. The Company's shares are trading above their 200-day moving average by 4.97%. Moreover, shares of Ball Corp., which supplies metal packaging products to the beverage, food, personal care, and household industries, have a Relative Strength Index (RSI) of 44.27.
On August 07th, 2017, Ball Corp. announced an agreement to repurchase approximately $100 million of its outstanding common stock in a privately negotiated accelerated stock repurchase transaction with Goldman Sachs & Co. LLC, using cash on hand and available borrowings. Subject to certain conditions, the transaction, which commenced that day, will reduce the Company's outstanding common stock by a total of approximately 2.5 million shares. Free research report on BLL is available at:http://dailystocktracker.com/registration/?symbol=BLL
On Wednesday, shares in Philadelphia, Pennsylvania headquartered Crown Holdings Inc. recorded a trading volume of 322,116 shares, and ended the session 0.46% higher at $58.62. The stock has gained 3.83% over the previous three months and 11.51% on an YTD basis. The Company's shares are trading 5.93% above their 200-day moving average. Furthermore, shares of Crown, which designs, manufactures, and sells packaging products for consumer goods, have an RSI of 45.37.
On July 28th, 2017, Crown announced that Andrea J. Funk has been elected to the Company's Board of Directors. Ms. Funk is the CEO of Cambridge-Lee Industries LLC, a world leader in the manufacture and distribution of copper tube for water supply, air conditioning, refrigeration, and a variety of commercial applications. Prior to becoming CEO in 2013, she served as the organization's CFO since 2010. The complimentary research report on CCK can be downloaded at: http://dailystocktracker.com/registration/?symbol=CCK
Packaging Corp. of America
Shares in Lake Forest, Illinois headquartered Packaging Corp. of America closed at $111.44, up 1.97% from the last trading session. The stock recorded a trading volume of 699,432 shares. The Company's shares have gained 10.83% over the previous three months and 31.38% since the start of this year. The stock is trading 1.97% and 16.19% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Packaging Corp., which manufactures and sells containerboard and corrugated packaging products, have an RSI of 58.86.
On July 26th, 2017, Packaging Corp. reported Q2 2017 results. Net sales for the quarter were $1.6 billion, gross profit was $365 million, and net income was $143 million. Results were $.07 per share above Q2 2017 guidance primarily due to higher Packaging segment sales prices and volume ($.03), a lower tax rate ($.03), and a partial insurance recovery related to the DeRidder incident ($.02), partly offset by higher recycled fiber prices ($.01). Visit DailyStockTracker.com today and access our complete research report on PKG at:
Hartsville, South Carolina headquartered Sonoco Products Co.'s stock ended 1.38% higher at $49.20 with a total trading volume of 308,472 shares. The Company's shares are trading below their 50-day moving average by 2.41%. Shares of the Company, which manufactures and sells industrial and consumer packaging products, an RSI of 46.77.
On July 19th, 2017, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform' while revising its previous target price from $55 a share to $60 a share.
On July 24th, 2017, Sonoco Products announced that it has completed the acquisition of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films, for approximately $170 million in cash. Founded in 1969, the Elk Grove Village, Illinois-based company is projecting 2017 sales of approximately $140 million and operates state-of-the-art manufacturing facilities in Elk Grove Village and Nanjing, China, with nearly 400 total employees. Get free access to your research report on SON at:
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