Morning Technical Insight on These Packaging & Containers Stocks -- Owens-Illinois, International Paper, Sealed Air, and Sonoco Products
NEW YORK, Dec. 22, 2017 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on OI, IP, SEE, and SON which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com shifts focus on the Packaging and Containers industry, 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. Lined up for assessment this morning are: Owens-Illinois Inc. (NYSE: OI), International Paper Co. (NYSE: IP), Sealed Air Corp. (NYSE: SEE), and Sonoco Products Co. (NYSE: SON). All you have to do is sign up today for this free limited time offer, click the link below.
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Owens-Illinois
Ohio headquartered Owens-Illinois Inc.'s shares saw a slight drop of 0.04%, finishing Thursday's trading session at $22.22. A total volume of 998,215 shares was traded. The stock has advanced 27.63% since the start of this year, and is trading below its 200-day moving average by 3.90%. Moreover, shares of Owens-Illinois, which through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and Asia/Pacific, have a Relative Strength Index (RSI) of 32.91.
On December 11th, 2017, Owens-Illinois has launched a Global Design Book to provide inspiration for brand owners and design agencies looking for fresh ideas in glass for their foods and beverages. The Company has drawn together more than 100 glass designs from around the world, and the collection illustrates the beauty, versatility, brand differentiation, color, shape, and decoration variations available in glass in a way no other packaging material can match. Get the full research report on OI for free by clicking below at:
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International Paper
On Thursday, shares in Tennessee headquartered International Paper Co. recorded a trading volume of 1.34 million shares, and ended the session 0.85% lower at $57.48. The stock has gained 5.06% in the last one month, 2.55% over the previous three months, and 8.33% on an YTD basis. The Company's shares are trading 1.82% above their 50-day moving average and 4.96% above their 200-day moving average. Furthermore, shares of International Paper, which operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle-East, have an RSI of 55.68. To experience our free membership services anytime/ anywhere and access the free report on IP, click to register at:
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Sealed Air
Shares in North Carolina headquartered Sealed Air Corp. closed at $48.70, rising 0.39% from the last trading session. The stock recorded a trading volume of 2.68 million shares, which was above its three months average volume of 2.37 million shares. The Company's shares have gained 7.89% in the last one month, 14.59% over the previous three months, and 7.41% since the start of this year. The stock is trading 6.25% and 9.03% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Sealed Air, which provides food safety and security, facility hygiene, and product protection solutions worldwide, have an RSI of 61.99.
On December 05th, 2017, Sealed Air announced that the Company is implementing a price increase of 2.5% to 5.0% for the majority of its Food Care division's products in Europe, Middle-East, and Africa, with the exception of Switzerland and the United Kingdom, which received price increases earlier in the year. The increase will be effective on January 01st, 2018.
On December 15th, 2017, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight' while revising its previous target price from $46 a share to $53 a share. Join our big investor community at Wall St. Equities today and start so with your free report on SEE at:
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Sonoco Products
South Carolina headquartered Sonoco Products Co.'s stock ended 0.35% lower at $53.43 with a total trading volume of 213,248 shares. The Company's shares have advanced 4.23% in the last one month, 9.89% over the previous three months, and 1.39% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.99% and 4.43%, respectively. Furthermore, shares of Sonoco Products have an RSI of 51.34.
On December 11th, 2017, Sonoco-Alcore S.a.r.l., which is wholly-owned by Sonoco Products, announced it will again raise prices by a further €50 per tonne on all recycled paperboard grades sold in the Company's Central European regions. The price change is effective with shipments on or after January 01st, 2018.
On December 15th, 2017, research firm Barclays upgraded the Company's stock rating from 'Underweight' to 'Equal Weight' while revising its previous target price from $49 a share to $55 a share. Know more about SON in our free research coverage at:
www.wallstequities.com/registration/?symbol=SON
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