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Morning Technical Insight on These Packaging & Containers Stocks — Silgan, Crown, Ball, and WestRock

NEW YORK, Dec. 26, 2017 /PRNewswire/ — WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on SLGN, CCK, BLL, and WRK which can be accessed for free by signing up to www.wallstequities.com/registration. Value Line reported that the Packaging and Containers industry is not immune to macroeconomic cycles, though key end markets are often considered to have defensive characteristics. Consumer spending habits can have an impact on operating results, and cost control is crucial to a company’s earnings performance, the reported further noted. Importantly, the success of many players in this space is heavily influenced by energy prices. Pre-market today, WallStEquities.com scans Silgan Holdings Inc. (NASDAQ: SLGN), Crown Holdings Inc. (NYSE: CCK), Ball Corp. (NYSE: BLL), and WestRock Co. (NYSE: WRK). All you have to do is sign up today for this free limited time offer, click the link below.

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Silgan Holdings

Shares in Stamford, Connecticut headquartered Silgan Holdings Inc. ended Friday’s session 0.83% higher at $29.23 with a total trading volume of 251,494 shares. The stock has advanced 3.32% in the last month, 1.04% over the previous three months, and 14.22% on an YTD basis. The Company’s shares are trading 1.39% above their 50-day moving average. Moreover, shares of Silgan, which together with its subsidiaries, manufactures and sells rigid packaging for shelf-stable food and other consumer goods products worldwide, have a Relative Strength Index (RSI) of 55.96.

On December 08th, 2017, research firm KeyBanc Capital Markets downgraded the Company’s stock rating from ‘Sector Weight’ to ‘Underweight’. Get the full research report on SLGN for free by clicking below at:

www.wallstequities.com/registration/?symbol=SLGN

Crown Holdings

Philadelphia, Pennsylvania headquartered Crown Holdings Inc.’s shares saw a slight drop of 0.18%, closing the day at $56.15. A total volume of 1.26 million shares was traded, which was higher than their three months average volume of 923,520 shares. The stock has advanced 6.81% on an YTD basis. The Company’s shares are trading 3.10% below their 200-day moving average. Additionally, shares of Crown have an RSI of 28.50.  

On November 29th, 2017, research firm UBS initiated a ‘Neutral’ rating on the Company’s stock, with a target price of $65 per share.

On December 19th, 2017, Crown announced that it has entered into an agreement to acquire Signode Industrial Group Holdings (Bermuda) Ltd., a leading global provider of transit packaging systems and solutions, from The Carlyle Group, in a cash transaction valued at $3.91 billion subject to customary closing adjustments. The acquisition, which is subject to review by various competition authorities, is expected to close during the first quarter of 2018 and to significantly increase free cash flow. Debt financing has been fully committed in support of the transaction. To experience our free membership services anytime/ anywhere and access the free report on CCK, click to register at:

www.wallstequities.com/registration/?symbol=CCK

Ball

Last Friday, shares in Broomfield, Colorado headquartered Ball Corp. gained 0.90%, closing the session at $37.97. The stock recorded a trading volume of 2.68 million shares, which was higher than its three months average volume of 2.61 million shares. The Company’s shares have advanced 1.16% on an YTD basis. The stock is trading 5.47% below its 200-day moving average. Furthermore, shares of Ball Corp. have an RSI of 35.46. 

On December 08th, 2017, research firm KeyBanc Capital Markets downgraded the Company’s stock rating from ‘Sector Weight’ to ‘Underweight’.

On December 14th, 2017, Ball Corp. announced that the Company recently won silver and bronze at this year’s Canmaker “Can of the Year” Awards for its L’Oréal Men Expert Antiperspirant can in the “Aerosol Cans” category, and for its Tactile can in the “Prototype” category, respectively. For the L’Oréal Men Expert Antiperspirant can, the Company utilized its innovative ReAl® technology. For the Tactile can, the Company featured a snake, which was brought to life by its innovative design and distinctive tactile print finish. Join our big investor community at Wall St. Equities today and start so with your free report on BLL at:

www.wallstequities.com/registration/?symbol=BLL

WestRock

Richmond, Virginia-based WestRock Co.’s stock finished the session 0.17% lower at $63.73 with a total trading volume of 868,723 shares. The Company’s shares have advanced 8.40% in the last month, 15.43% over the previous three months, and 25.53% on YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.74% and 12.25%, respectively. Additionally, shares of WestRock have an RSI of 59.40.  

On December 12th, 2017, WestRock (WRK) announced that it has entered into agreements to acquire substantially all of the assets of Plymouth Packaging, Inc., a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging. This acquisition will further integrate WRK’s containerboard system. Know more about WRK in our free research coverage at:

www.wallstequities.com/registration/?symbol=WRK

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