BPC Acquisition Corp (BERY) : Traders are bullish on BPC Acquisition Corp (BERY) as it has outperformed the S&P 500 by a wide margin of 6.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.76% in the last 1 week, and is up 7.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.4% and the 50-Day Moving Average is 8.37%. BPC Acquisition Corp (NYSE:BERY): stock turned positive on Friday. Though the stock opened at $42.88, the bulls momentum made the stock top out at $42.9 level for the day. The stock recorded a low of $42.39 and closed the trading day at $42.76, in the green by 0.45%. The total traded volume for the day was 1,045,258. The stock had closed at $42.57 in the previous days trading.
The company Insiders own 2.7% of BPC Acquisition Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.76% . During last six month period, the net percent change held by insiders has seen a change of -18.57%. Also, In the latest statement by the brokerage house, Credit Suisse maintains its outlook on BPC Acquisition Corp (NYSE:BERY). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $48 per share to $52 per share. The rating by the firm was issued on August 12, 2016.
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.