Shares of BPC Acquisition Corp (BERY) Sees Large Outflow of Money

BPC Acquisition Corp (BERY) : Thursdays money flow analysis of BPC Acquisition Corp (BERY) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $7.14 million. In comparison, the inflow of money on upticks was a meager $5.48 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.66 million. The uptick to downtick ratio of 0.77 in the money flow shows weakness. The downtick transaction value was high at $2.36 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($2.36 million). BPC Acquisition Corp (BERY) gained $0.4 at $39.2, a change of 1.03% over the previous days close.


BPC Acquisition Corp (BERY) : 5 Wall Street analysts covering BPC Acquisition Corp (BERY) believe that the average level the stock could reach for the short term is $44. The maximum price target given is $45 and the minimum target for short term is around $42, hence the standard deviation is calculated at $1.41. The stock has recorded a 20-day Moving Average of 3.74% and the 50-Day Moving Average is 3.41%.

BPC Acquisition Corp (NYSE:BERY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.02 and $39.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.15, notching a gain of 0.90% for the day. The total traded volume was 1,298,478 . The stock had closed at $38.80 on the previous day.

Berry Plastics Group, Inc. is engaged in providing plastic consumer packaging and engineered materials. The Companys products include drink cups, thin-wall containers, bottles, specialty closures, prescription vials, specialty films, adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top, which sells primarily containers, foodservice items, closures, overcaps, bottles, prescription containers, and tubes; Engineered Materials, which sells pipeline corrosion protection solutions, tapes and adhesives, PE (polyethylene)-based film products and can liners; and Flexible Packaging, which sells high barrier, multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets, such as food and beverage, healthcare and personal care.

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