Bemis Company (BMS) Shares are Up 2.25%

Bemis Company (BMS) has been under a strong bear grip, hence the stock is down -2.46% 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 2.29% in the past 1 week. The stock has risen by 2.25% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.08% in the past 4 weeks.

Bemis Company, Inc. is up 6.17% in the last 3-month period. Year-to-Date the stock performance stands at 16.77%. The stock has recorded a 20-day Moving Average of 1.13% and the 50-Day Moving Average is 0.82%.


Bemis Company (NYSE:BMS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.73 and $50.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.27, notching a gain of 0.65% for the day. The total traded volume was 565,241 . The stock had closed at $50.94 on the previous day.

Also, Major Brokerage house, Jefferies maintains its ratings on Bemis Company (NYSE:BMS). In the latest research report, Jefferies lowers the target price from $48 per share to $47 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Bemis Company, Inc. is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging for food and personal care product applications, as well as non-food applications. The Global Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging for a range of food, medical, pharmaceutical, personal care, electronics and industrial applications. The Company offers its products primarily to the customers in the food industry. Its other customers include companies operating in a range of businesses, including chemical, agribusiness, medical, pharmaceutical, personal care, electronics, automotive, construction, and other consumer goods.

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