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Amcor PLC Reports Changes in Securities Issuance

Story Highlights
  • Amcor PLC saw a net decrease of 2,335,441 CDIs due to transfers with NYSE shares.
  • The company also reported a decrease in options and share rights, affecting market positioning.
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Amcor PLC Reports Changes in Securities Issuance

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Amcor PLC Shs Chess Depository Interests ( (AU:AMC) ) has shared an announcement.

Amcor PLC announced a net decrease in the number of Chess Depository Interests (CDIs) issued over quoted securities, with a reduction of 2,335,441 CDIs from the previous month. This change is attributed to net transfers of securities between CDIs and common shares as quoted on the New York Stock Exchange (NYSE). Additionally, there was a notable decrease in the number of options and share rights, reflecting a net difference due to grants, distributions, and expiries. These changes indicate a strategic adjustment in the company’s securities management, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:AMC) stock is a Hold with a A$13.60 price target. To see the full list of analyst forecasts on Amcor PLC Shs Chess Depository Interests stock, see the AU:AMC Stock Forecast page.

More about Amcor PLC Shs Chess Depository Interests

Amcor PLC is a global packaging company that operates in the packaging industry, providing a wide range of packaging solutions primarily for food, beverage, pharmaceutical, medical, home, and personal care products. The company is focused on innovation and sustainability in its product offerings, serving a diverse market with a significant presence in both developed and emerging markets.

Average Trading Volume: 4,187,712

Technical Sentiment Signal: Sell

Current Market Cap: A$27.78B

For detailed information about AMC stock, go to TipRanks’ Stock Analysis page.

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