Shares of Berry Global Group Inc. (NYSE:BERY) traded today at $71.97, eclipsing its 52-week high. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
Over the past year, Berry Global Group Inc. has traded in a range of $48.65 to $71.97 and is now at $71.57, 47% above that low.
Berry Global Group is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of global suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.
Berry Global Group Inc. (NYSE:BERY) is currently priced 7.3% above its average consensus analyst price target of $66.38.
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