United Rentals, Inc. (NYSE: URI), Textron Inc. (NYSE: TXT), Snap-on Incorporated (NYSE: SNA), Sealed Air Corp. (NYSE: SEE), and Activision Blizzard, Inc. (Nasdaq: ATVI) are getting crushed today. What should you do now?
The S&P 500 Financials Sector Index rose 0.92% on December 8. Assurant (AIZ) and Franklin Resources (BEN) were the top movers in the financials sector.
Price movement Sealed Air (SEE) fell 2.9% to close at $43.34 per share during the third week of October 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.9%, -6.3%, and -1.9%, respectively, as of October 21. SEE is trading 3.9% below its 20-day moving average, 5.9% below its 50-day moving average, […]
Sealed Air has a market cap of $9.4 billion. It rose by 1.6% and closed at $47.65 per share on August 23, 2016. It reported 2Q16 net sales of $1.7 billion.
Price movement Bemis Company (BMS) fell by 2.5% to close at $51.04 per share during the fourth week of July 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.5%, 1.8%, and 15.6%, respectively, as of July 29. BMS is trading 2.1% below its 20-day moving average, 0.34% above its 50-day moving […]
Sealed Air rose by 1.6% to close at $49.08 per share on July 15. Its weekly, monthly, and YTD price movements were 4.4%, 4.4%, and 10.7%, respectively.
Sealed Air fell by 0.26% to close at $45.69 per share on July 7. The stock’s weekly, monthly, and YTD price movements were 1.2%, -0.63%, and 3.1% that day.
WABCO Holdings fell by 1.3% to close at $87.26 per share on July 7. The stock’s weekly, monthly, and YTD price movements were -2.7%, -20.3%, and -14.7%.
Berry Plastics (BERY) rose by 6.2% and closed at $38.52 per share at the end of the second week of May 2016. It reported fiscal 2Q16 net sales of $1.6 billion.
AptarGroup has a market cap of $4.7 billion. It fell by 4.2% and closed at $76 per share as of April 29. It reported fiscal 1Q16 net sales of $582.3 million.
On April 28, 2016, the S&P Consumer Staples Index had slightly outperformed the S&P 500 Index and the S&P Consumer Discretionary Index as a whole. The indexes had respective returns of 0.02%, -0.92%, and -1.1%.
RBC Capital initiated coverage of Bemis with a “sector perform” rating. In fiscal 2015, BMS reported net sales of $4,071.4 million, a fall of 6.3% YoY.
On February 10, 2016, the S&P 500, the S&P Consumer Staples sector, and the S&P Consumer Discretionary sector had returns of -0.02%, -0.15%, and -0.08%.
AptarGroup declared a quarterly cash dividend of $0.30 per share on its common stock. The payment date is February 17 to stockholders of record as of January 27.
Berry Plastics Group has outperformed its ETFs based on PE ratio. The PE ratios of BERY, FMAT, VAW, and FPX are 64.7x, 30.9x, 30.2x, and 28.9x, respectively.
Berry Plastics Group (BERY) has a market cap of $4.2 billion. After release of the company’s fiscal 4Q15 earnings report, BERY rose by 6.5% to close at $34.94 per share on November 13, 2015.
At Alcoa’s (AA) Investor Day, Kleinfeld shared what Alcoa must consider before finalizing its new structure. Minimizing tax liability was a top priority.
Investor flows in high yield bond funds plummeted into negative territory last week. Year-to-date, high yield bond funds have witnessed inflows to the tune of $5.5 billion.
Packaging material manufacturer Sealed Air (SEE) issued dollar-denominated junk bonds worth $400 million. The bonds were rated B1/BB and carried a coupon of 5.5%.
Since mid-February 2015, refinancing has been the purpose of choice for high yield debt issuers. Refinancing deals not only outnumbered others, they also emerged as the biggest of the week.
Iridian Asset Management increased its position in Sealed Air Corp. (SEE) by 34% in its 13G filing. The fund reported a 9.3% passive stake in the company.
Iridian Asset Management increased its position in W.R. Grace and Company (GRA) by 25%. The fund’s holdings represent a 9.1% passive stake in the company.
Iridian raised its position in Avis Budget Group, Inc. (CAR) to 5,395,808 shares from 3,773,401, a 43% increase. Iridian has a passive 5.1% stake in Avis.
Iridian increased its position in Myriad Genetics (MYGN) to 3,978,504 shares from 3,577,703 shares. The fund holds a 5.5% passive stake in the company.
Refinancing and repricing transactions, financing for leveraged buyouts, and dividend payouts or recapitalizations were the dominant reasons why issuers took recourse to the leveraged loans market last week.
