Morning Briefing on Containers and Packaging Stocks -- Research on Owens-Illinois, Ball Corp., Rock-Tenn, and Packaging Corp. of America
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LONDON, June 9, 2014 /PRNewswire/ --
The US markets on Friday, June 6, 2014 ended on a positive note as the Dow Jones Industrial Average finished at 16,924.28, up 0.52% and the NASDAQ Composite closed at 4,321.40, up 0.59%. The S&P 500 finished the session 0.46% higher at 1,949.44. During the trading session, seven out of ten sectors finished on a higher note. The S&P 500 Materials Sector Index ended the day at 312.84, up 0.52%, with the index advancing 3.98% in the last one month. Investor-Edge has initiated coverage on the following equities: Owens-Illinois Inc. (NYSE: OI), Ball Corp. (NYSE: BLL), Rock-Tenn Co. (NYSE: RKT) and Packaging Corporation of America (NYSE: PKG). Free technical research on OI, BLL, RKT and PKG can be downloaded upon signing up at:
http://www.investor-edge.com/3576-register
On Friday, shares in Owens-Illinois Inc. recorded a trading volume of 0.90 million shares, lower than its three months average volume of 1.07 million shares. The stock ended the day at $34.00, which was 2.38% above its previous day's closing of $33.21, and registered an intraday range of $33.26 and $34.07. Shares of the company traded at a PE ratio of 12.01. Although Owens-Illinois Inc.'s stock has lost 4.97% on YTD basis, it has advanced 2.47% in the previous three trading sessions and 4.62% in the last one month. The company's stock is trading above its 50-day and 200-day moving averages of $32.83 and $32.37, respectively. Furthermore, shares of Owens-Illinois Inc. have a Relative Strength Index (RSI) of 64.56. Sign up today to read free research on OI at:
http://www.investor-edge.com/3576-OI-09Jun2014.pdf
Ball Corp.'s stock finished the Friday's session 0.11% higher at $61.09, hitting a new 52-week high of $61.34. A total of 0.70 million shares were traded, which was below its three months average volume of 1.03 million shares. The stock vacillated between $60.90 and $61.34 during the session. Over the last one month and over the previous three months, Ball Corp.'s shares have advanced 5.11% and 8.91%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 18.25%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $57.35 is greater than its 200-day moving average of $51.64. Ball Corp.'s stock traded at a PE ratio of 17.17 and has an RSI of 68.20. Sign up today to read free research on BLL at:
http://www.investor-edge.com/3576-BLL-09Jun2014.pdf
On Friday, shares in Rock-Tenn Co. fluctuated between $102.32 and $103.24 before ending the session 0.18% higher at $102.83. The stock reported a trading volume of 0.37 million shares, below its three months average volume of 0.59 million shares. Shares of the company traded at a PE ratio of 13.28. Rock-Tenn Co.'s shares have advanced 6.31% in the last one month, while the stock has fallen by 0.86% in the previous three trading sessions and 2.08% on YTD basis. The stock is trading above its 50-day moving average of $100.11, while the 50-day moving average is below its 200-day moving average of $103.45. Moreover, shares of Rock-Tenn Co. have an RSI of 61.81. Sign up today to read free research on RKT at:
http://www.investor-edge.com/3576-RKT-09Jun2014.pdf
Shares in Packaging Corp. of America edged 0.35% higher, to close the day at $70.96. The stock recorded a trading volume of 0.53 million shares, below its three months average volume of 0.96 million shares. The stock oscillated between $70.73 and $71.25 during the session. Over the last three trading sessions and over the past one month, Packaging Corp. of America's shares have advanced 0.94% and 6.29%, respectively. Further, the stock has gained 12.14% since the start of this year. The stock is trading above its 50-day and 200-day moving averages of $68.07 and $64.08, respectively. Additionally, shares in Packaging Corp. of America traded at a PE ratio of 13.44 and have an RSI of 67.96. Sign up today to read free research on PKG at:
http://www.investor-edge.com/3576-PKG-09Jun2014.pdf
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EDITOR'S NOTES:
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