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Stock Investors Sell Off Shares of Graphic Packaging Holding, Down 1.6%

Published on Tue, 01/29/2013 - 11:30
By Robert Cotter

One of today's stocks on the move is Graphic Packaging Holding (NYSE:GPK), down 1.6% to $6.82. The Dow is up 0.2% to 13,917 and the S&P is currently trading fractionally higher to 1,502.

Graphic Packaging Holding Company is an integrated provider of paperboard and integrated paperboard packaging solutions to multinational beverage and consumer products companies. The Company manufactures folding cartons for frozen and non-frozen food and beverage products.

Potential upside of 7.8% exists for Graphic Packaging Holding, based on a current level of $6.82 and analysts' average consensus price target of $7.35. The stock should discover initial support at its 50-day moving average (MA) of $6.45 and subsequent support at its 200-day MA of $5.74.

Over the past year, Graphic Packaging Holding has traded in a range of $4.51 to $7.05 and is now at $6.82, 51% above that low. The 200-day and 50-day moving averages have moved 0.42% higher and 0.75% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com