Crown Holdings (CCK) : Traders are bullish on Crown Holdings (CCK) as it has outperformed the S&P 500 by a wide margin of 1.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.25%, 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 0.22% in the last 1 week, and is up 2.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Crown Holdings Inc. is up 3.8% in the last 3-month period. Year-to-Date the stock performance stands at 6.77%. The stock has recorded a 20-day Moving Average of 1.05% and the 50-Day Moving Average is 3.16%.
Crown Holdings (NYSE:CCK): The stock opened at $53.92 on Friday but the bulls could not build on the opening and the stock topped out at $54.32 for the day. The stock traded down to $53.51 during the day, due to lack of any buying support eventually closed down at $54.13 with a loss of -0.07% for the day. The stock had closed at $54.17 on the previous day. The total traded volume was 399,210 shares.
Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Crown Holdings (NYSE:CCK). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $64 per share from a prior target of $62. The rating by the firm was issued on July 25, 2016.
Crown Holdings, Inc. is engaged in design, manufacture and sale of packaging products for consumer goods. The Companys business is organized within three divisions, Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. Within the Americas Division, the Company operates Americas Beverage and North America Food. Within the European Division, the Company operates European Beverage and European Food. The Companys Asia Pacific Division consists of beverage can operations and also includes the Companys non-beverage can operations, such as food cans and specialty packaging. The Company also operates European aerosol and specialty packaging business, its North American aerosol can business and its tooling and equipment operations in the United States and United Kingdom. The Companys products include steel and aluminum cans for food, beverage, household and other consumer products, and metal vacuum closures and caps.