KapStone Paper and Packaging Corporation (KS) has been under a strong bear grip, hence the stock is down -9.01% 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 6.76% in the past 1 week. The stock has risen by 8.36% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.04% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 5.27% and the 50-Day Moving Average is 0.13%.
KapStone Paper and Packaging Corporation (NYSE:KS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.04 and $13.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.52, notching a gain of 4.76% for the day. The total traded volume was 3,490,639 . The stock had closed at $13.86 on the previous day.
The company Insiders own 13.3% of KapStone Paper and Packaging Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 119.93% . Institutional Investors own 84.21% of KapStone Paper and Packaging Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 56.35%. In a related news, Reznik Maurice S, director of Kapstone Paper & Packaging Corp, executed a transaction worth $146,800 on May 16, 2016. A total of 10,000 shares were purchased at an average price of $14.68. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.