KapStone Paper and Packaging Corporation (KS) has been under a strong bear grip, hence the stock is down -1.33% 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 0.07% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.69% in the last 1 week, and is up 5.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
KapStone Paper and Packaging Corporation (NYSE:KS): The stock opened at $14.78 on Friday but the bulls could not build on the opening and the stock topped out at $14.90 for the day. The stock traded down to $14.52 during the day, due to lack of any buying support eventually closed down at $14.62 with a loss of -1.15% for the day. The stock had closed at $14.79 on the previous day. The total traded volume was 1,015,629 shares.
The stock has recorded a 20-day Moving Average of 6.74% and the 50-Day Moving Average is 0.55%. KapStone Paper and Packaging Corporation has dropped 0.5% during the last 3-month period . Year-to-Date the stock performance stands at -34.27%.
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.