BPC Acquisition Corp (NYSE:BERY) : Traders are bullish on BPC Acquisition Corp (NYSE:BERY) as it has outperformed the S&P 500 by a wide margin of 3.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.48%, 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 2.78% in the last 1 week, and is up 5.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 19.03% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $40.46 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $38.36 and the 200 Day Moving Average price is recorded at $34.78.
The stock has recorded a 20-day Moving Average of 6.74% and the 50-Day Moving Average is 6.25%.
BPC Acquisition Corp (NYSE:BERY): stock turned positive on Friday. Though the stock opened at $39.72, the bulls momentum made the stock top out at $40.455 level for the day. The stock recorded a low of $39.65 and closed the trading day at $40.28, in the green by 2.89%. The total traded volume for the day was 1,789,030. The stock had closed at $39.15 in the previous days trading.
In an insider trading activity, Greene Jason K., officer (EVP – Chief Legal Officer) of Berry Plastics Group Inc, unloaded 6,314 shares at an average price of $39.02 on May 24, 2016. The total amount of the transaction was worth $246,372, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.