Large Outflow of Money Witnessed in Silgan Holdings Inc.

Silgan Holdings Inc. (SLGN) jumped 1.8 points or 3.08% on strong buying and was last priced at $60.31 per share. The shares saw huge fund flow intraday; a massive $11.16 million made their way in through the upticks but an even bigger $14.68 million made their way out through downticks. As per the last observation, the net money flow stood at $(-3.53) million and the up/down ratio was found to be 0.76. The shares have seen a weekly value change of 0.9% .A block trade was recorded in the company shares with a net money flow of $(-2.4) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $2.4. As can be seen from the data, the block transaction had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Silgan Holdings Inc. rose by 1.18% in the last five trading days and 17.62% for the last 4 weeks. Silgan Holdings Inc. is up 18.55% in the last 3-month period. Year-to-Date the stock performance stands at 17.62%. Silgan Holdings Inc. (NASDAQ:SLGN) rose 2.89% or 1.69 points on Wednesday and made its way into the gainers of the day. After trading began at $58.98 the stock was seen hitting $61.13 as a peak level and $57.895 as the lowest level. The stock ended up at $60.2. The daily volume was measured at 1,089,492 shares. The 52-week high of the share price is $61.13 and the 52-week low is $47.16. The company has a market cap of $3,314 million.

Company has reported several Insider transactions to the SEC, on Nov 23, 2016, Adam J Greenlee (Executive VP and COO) sold 4,417 shares at 50.03 per share price.On Nov 23, 2016, Thomas James Snyder (President – Silgan Containers) sold 20,411 shares at 50.75 per share price.On Nov 23, 2016, Anthony J Allott (President and CEO) sold 33,875 shares at 50.75 per share price.

Silgan Holdings Last issued its quarterly earnings results on Jan 31, 2017. The company reported $0.48 EPS for the quarter. Analyst had a consensus estimate of $0.48. The company had revenue of $805.90 million for the quarter, compared to analysts expectations of $813.00 million. The companys revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Silgan Holdings was Upgraded by BofA/Merrill to Buy on Jan 23, 2017.

SILGAN HOLDINGS is a holding company. Through its wholly owned subsidiaries, the company is engaged in the packaging industry and has three business units: Metal Food Container Business, Plastic Container Business and Specialty Packaging Business.


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