Graphic Packaging Holding Company (NYSE:GPK) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $13.36 to $14.33 in the past one month time frame.
The move came after the company reported third-quarter 2017 results.
The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Graphic Packaging currently has a Zacks Rank #2 (buy) while its Earnings ESP is negative.
Investors interested in the Containers - Paper and Packaging industry may consider Packaging Corporation of America (NYSE:PKG) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is GPK going up? Or down? Predict to see what others think:Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
Packaging Corporation of America (PKG): Free Stock Analysis Report
Graphic Packaging Holding Company (GPK): Free Stock Analysis Report
Original post
Zacks Investment Research