KapStone Paper and Packaging Corporation (KS) has risen sharply, recording gains of 3.96% in the past 4 weeks. However, the stock has corrected -4.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.52% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 14.65%.The 200 Day SMA reached 25.91%
KapStone Paper and Packaging Corporation (NYSE:KS): After opening at $19.35, the stock dipped to an intraday low of $18.895 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $19.87 and the buying power remained strong till the end. The stock closed at $18.92 for the day, a gain of 1.34% for the day session. The total traded volume was 1,693,961. The stocks close on the previous trading day was $18.92.
KapStone Paper and Packaging Corporation (KS) : The highest level KapStone Paper and Packaging Corporation (KS) is projected to reach is $28 for the short term and the lowest estimate is at $11. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $20.14 and the possibility the share price can swing is $5.08.
KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard, corrugated products and specialty paper for industrial and consumer markets. Containerboard, consisting of linerboard and corrugated medium, is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap, end caps, roll wrap, pet food, cement and chemicals, grocery bags and dunnage bags. The Companys specialty paper products are manufactured for a variety of converters, including laminators, coaters, insulation manufacturers, agricultural product processors and food product packaging producers. As of December 31, 2014, the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.