Graphic Packaging Holding Company (GPK) : Traders are bullish on Graphic Packaging Holding Company (GPK) as it has outperformed the S&P 500 by a wide margin of 4.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.83%, 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 4.76% in the last 1 week, and is up 8.51% 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 4.81% and the 50-Day Moving Average is 4.78%. Graphic Packaging Holding Company is up 3.1% in the last 3-month period. Year-to-Date the stock performance stands at 7.14%.
Graphic Packaging Holding Company (NYSE:GPK): On Fridays trading session , Opening price of the stock was $13.63 with an intraday high of $13.665. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.51. However, the stock managed to close at $13.64, a loss of 0.15% for the day. On the previous day, the stock had closed at $13.66. The total traded volume of the day was 2,373,051 shares.
Also, Equity Analysts at the Citigroup maintains the rating on Graphic Packaging Holding Company (NYSE:GPK). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $15.5 per share to $16 per share. The rating by the firm was issued on July 27, 2016.
Graphic Packaging Holding Company is a provider of paper-based packaging solutions to food, beverage and other consumer products companies. The Company operates in four geographic areas, which includes the United States/Canada, Central/South America, Europe and Asia Pacific. The Companys paperboard packaging includes the design, manufacture and installation of packaging machinery related to the assembly of cartons, as well as the production and sale of corrugated medium and kraft paper from paperboard mills in the United States. It includes a system of mills and plants that produce a range of paperboard grades convertible into folding cartons. The Company offers various laminated, coated and printed packaging structures that are produced from its coated unbleached kraft (CUK), coated-recycled board (CRB), as well as other grades of paperboard that are purchased from third-party suppliers.