KapStone Paper and Packaging Corporation (NYSE:KS) : During the past 4 weeks, traders have been relatively bearish on KapStone Paper and Packaging Corporation (NYSE:KS), hence the stock is down -17.79% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.52% relative to the S&P 500. The stock has risen by 0.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -16.46% in the past 4 weeks.
The company shares have dropped -44.12% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $25.20 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $14.77 and the 200 Day Moving Average price is recorded at $14.51.
The stock has recorded a 20-day Moving Average of 6.06% and the 50-Day Moving Average is 8.86%.
KapStone Paper and Packaging Corporation (NYSE:KS): stock turned positive on Friday. Though the stock opened at $13.27, the bulls momentum made the stock top out at $13.44 level for the day. The stock recorded a low of $13.03 and closed the trading day at $13.4, in the green by 2.68%. The total traded volume for the day was 1,692,478. The stock had closed at $13.05 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Kapstone Paper & Packaging Corp, Reznik Maurice S, had purchased 10,000 shares in a transaction dated on May 16, 2016. The transaction was executed at $14.68 per share with total amount equaling $146,800.
KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard, corrugated products and specialty paper for industrial and consumer markets. Containerboard, consisting of linerboard and corrugated medium, is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap, end caps, roll wrap, pet food, cement and chemicals, grocery bags and dunnage bags. The Companys specialty paper products are manufactured for a variety of converters, including laminators, coaters, insulation manufacturers, agricultural product processors and food product packaging producers. As of December 31, 2014, the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.