Sealed Air Corporation (SEE) has been under a strong bear grip, hence the stock is down -0.49% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.68% in the past 1 week. The stock has risen by 1.01% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.7% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0% and the fifty day Moving Average is 0.52%. Sealed Air Corporation is up 0.32% in the last three month period. Year-to-Date the stock performance stands at 5.7%.
Sealed Air Corporation (SEE) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $62 and the lowest price target forecast is $50. The average forecast of all the analysts is $54.8 and the expected standard deviation is $4.44.
Sealed Air Corporation (NYSE:SEE): On Fridays trading session , Opening price of the stock was $47.84 with an intraday high of $47.92. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.65. However, the stock managed to close at $46.85, a loss of 1.74% for the day. On the previous day, the stock had closed at $47.68. The total traded volume of the day was 1,810,985 shares.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Companys segments include Food Care, which provides integrated system solutions for retailers and food service operators; Diversey Care, which provides integrated system solutions for food safety and security under Diversey brand; Product Care, which provides product care solutions to meet cushioning, void fill, positioning or block-and-bracing and surface protection, among others, and Other, which includes corporate, medical applications and new ventures businesses. Its brands include Cryovac packaging technology, Diversey and Taski brand cleaning and hygiene solutions, Bubble Wrap brand cushioning, Jiffy protective mailers and Instapak foam-in-place systems. In addition, the Company offers I-Pack system, which supports various pick stations, and e-Cube system, which is an automated packaging solution.