Sealed Air Corporation (SEE) has risen sharply, recording gains of 6.87% in the past 4 weeks. However, the stock has corrected -0.79% 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 0.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Sealed Air Corporation (NYSE:SEE): The stock opened at $48.80 on Friday but the bulls could not build on the opening and the stock topped out at $49.24 for the day. The stock traded down to $48.61 during the day, due to lack of any buying support eventually closed down at $48.69 with a loss of -0.02% for the day. The stock had closed at $48.70 on the previous day. The total traded volume was 1,174,085 shares.
The stock has recorded a 20-day Moving Average of 3.7% and the 50-Day Moving Average is 3.86%. Sealed Air Corporation has dropped 6.01% during the last 3-month period . Year-to-Date the stock performance stands at 9.86%.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Companys segments include Food Care, which provides integrated system solutions for retailers and food service operators; Diversey Care, which provides integrated system solutions for food safety and security under Diversey brand; Product Care, which provides product care solutions to meet cushioning, void fill, positioning or block-and-bracing and surface protection, among others, and Other, which includes corporate, medical applications and new ventures businesses. Its brands include Cryovac packaging technology, Diversey and Taski brand cleaning and hygiene solutions, Bubble Wrap brand cushioning, Jiffy protective mailers and Instapak foam-in-place systems. In addition, the Company offers I-Pack system, which supports various pick stations, and e-Cube system, which is an automated packaging solution.