Sonoco Products ( (SON) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Sonoco Products Company’s stock has been experiencing downward pressure due to recent price target downgrades by several analysts. These downgrades stem from concerns about market challenges and strategic shifts, notably the sale of its ThermoSafe unit for $725 million. Despite these concerns, some analysts maintain a positive outlook on Sonoco’s strategic transformation and financial flexibility, leading to a few buy ratings.
More about Sonoco Products
YTD Price Performance: -9.68%
Average Trading Volume: 979,659
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.19B
For further insights into SON stock on TipRanks’ Stock Analysis page.
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