Insider Selling: Sealed Air Corp. Treasurer Sells 10,000 Shares of Stock (SEE)
Sealed Air Corp. (NYSE:SEE) Treasurer Tod Christie unloaded 10,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $30.09, for a total transaction of $300,900.00. Following the completion of the transaction, the treasurer now directly owns 70,601 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
SEE has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Sealed Air Corp. (NYSE:SEE) from $28.00 to $35.00 in a research note to investors on Tuesday, August 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sealed Air Corp. (NYSE:SEE) in a research note to investors on Monday, August 5th. They now have a $32.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Sealed Air Corp. (NYSE:SEE) from $30.00 to $35.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.67.
Shares of Sealed Air Corp. (NYSE:SEE) traded down 1.06% on Thursday, hitting $29.82. The stock had a trading volume of 1,111,300 shares. Sealed Air Corp. has a 52-week low of $15.10 and a 52-week high of $31.20. The stock has a 50-day moving average of $29.01 and a 200-day moving average of $24.98. The company’s market cap is $5.841 billion.
Sealed Air Corp. (NYSE:SEE) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.10. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that Sealed Air Corp. will post $1.21 EPS for the current fiscal year.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.
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