NEW YORK, December 15, 2016 /PRNewswire/ --
Companies in the Packaging and Containers industry serve a wide variety of markets, but most rely on the food and beverage, household products, and pharmaceutical sectors for the majority of their business. Among the many products offered by these firms are pharmaceutical pumps, aerosol valves, plastic and polyethylene containers, metal cans, cardboard, and glass bottles. Ahead of today's trading session, Stock-Callers.com reviews the most recent performances of the following equities: Graphic Packaging Holding Co. (NYSE: GPK), International Paper Co. (NYSE: IP), Owens-Illinois Inc. (NYSE: OI), and WestRock Co. (NYSE: WRK). These stocks research reports can be downloaded now by simply registering for freeat:
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Graphic Packaging
On Wednesday, shares in Atlanta, Georgia headquartered Graphic Packaging Holding Co. recorded a trading volume of 2.56 million shares. The stock ended the session 0.23% lower at $12.87. The Company's shares have gained 1.45% since the start of this year. The stock is trading 1.00% below its 50-day moving average. Moreover, shares of Graphic Packaging, which together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies, have a Relative Strength Index (RSI) of 47.66.
On November 17th, 2016, Graphic Packaging announced that it won a total of seven awards at the Paperboard Packaging Council 2016 Awards competition. The prestigious awards competition is one of the industry's premier events for recognizing advancements in paperboard packaging design. Graphic Packaging won a coveted Gold Award for the Keebler Club Crackers flip top carton. Additionally, the Company received several Excellence Awards in the beverage and consumer product categories.
On December 07th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Your complete research report on GPK can be retrieved for free at:
http://stock-callers.com/registration/?symbol=GPK
International Paper
Memphis, Tennessee headquartered International Paper Co.'s stock closed the day 0.69% lower at $52.92. A total volume of 3.22 million shares was traded, which was above their three months average volume of 2.99 million shares. The Company's shares have advanced 12.09% in the past month, 10.80% in the previous three months, and 46.55% on an YTD basis. The stock is trading 11.56% above its 50-day moving average and 20.43% above its 200-day moving average. Additionally, shares of International Paper, which operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East, have an RSI of 73.25.
On December 01st, 2016, International Paper announced that it has completed its acquisition of Weyerhaeuser's pulp business for approximately $2.2 billion in cash, subject to post-closing adjustments. Because the transaction is a purchase of assets, International Paper expects to realize a tax benefit with an estimated net present value of approximately $300 million. International Paper expects annual synergies of approximately $175 million by the end of 2018, which will require the need for one-time costs of approximately $85 million. IP free report is just a click away at:
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Owens-Illinois
Shares in Perrysburg, Ohio headquartered Owens-Illinois Inc. recorded a trading volume of 2.00 million shares, and ended yesterday's trading session 1.87% lower at $17.86. The stock has advanced 2.53% on an YTD basis. The Company's shares are trading below their 200-day moving average by 0.39%. Furthermore, shares of Owens-Illinois, which through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia/Pacific, have an RSI of 44.37. Sign up for your complimentary research report on OI at:
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WestRock
Richmond, Virginia-based WestRock Co.'s stock finished Wednesday's session 0.68% higher at $51.47. A total volume of 2.28 million shares was traded, which was above their three months average volume of 1.67 million shares. The Company's shares have advanced 4.99% in the last one month, 11.51% over the previous three months, and 17.15% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.66% and 20.64%, respectively. Additionally, shares of WestRock, which manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and Asia, have an RSI of 59.00.
On November 07th, 2016, WestRock recorded a loss of $0.34 per diluted share in Q4 FY16 from continuing operations resulting from a $0.91 non-cash charge related to the transfer of certain pension plan assets and liabilities to a third party. The Company generated net cash from operating activities of $382 million and adjusted free cash flow of $226 million during the reported quarter. WestRock reported that it achieved $89 million in year-over-year productivity improvements and an annual run rate of $500 million of synergy and performance improvements. Register for free on Stock-Callers.com and download the latest research report on WRK at:
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