Large Outflow of Money Witnessed in Sonoco Products Company

Sonoco Products Company (SON) managed to eke out gains of 0.13% in intraday trade. The share price increased by 0.07 points to $55.02. Till last observation, the net money flow was recorded at a negative $(-1.43) million. The total inflow of $1.39 million in upticks was completely overshadowed by an outflow of $2.82 million in downticks, giving the up/down ratio a value of 0.49. The shares have seen a change of 0.05% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $1.54 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-1.54) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Sonoco Products Company has dropped 0.31% in the last five trading days, however, the shares have posted positive gains of 4.42% in the last 4 weeks. Sonoco Products Company is up 10.23% in the last 3-month period. Year-to-Date the stock performance stands at 4.42%. Sonoco Products Company (NYSE:SON) rose 0.15% or 0.08 points on Wednesday and made its way into the gainers of the day. After trading began at $55.18 the stock was seen hitting $55.58 as a peak level and $54.64 as the lowest level. The stock ended up at $55.03. The daily volume was measured at 479,407 shares. The 52-week high of the share price is $55.58 and the 52-week low is $38.51. The company has a market cap of $5,495 million.

Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Roger P Schrum (VP Invstr Rel & Corp Affairs) sold 884 shares at 55.00 per share price.On Nov 8, 2016, Kevin P Mahoney (SR VP CORP. PLANNING) sold 212 shares at 50.57 per share price.On Nov 8, 2016, John E Linville (director) sold 54,000 shares at 50.47 per share price.

Sonoco Products Co Last issued its quarterly earnings results on Oct 20, 2016. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.68. The company had revenue of $1208.70 million for the quarter, compared to analysts expectations of $1230.87 million. The companys revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.

Sonoco is one of the worlds largest manufacturers of packaging materials for industrial and consumer markets. In addition, the company is one of the leading producers of recycled paperboard, utilizing more than a million tons of recovered paper annually in its papermaking operations. Sonoco products are used by many of the worlds leading industries, including food processing, beverages, textiles, supermarkets, plastics, papermaking, pharmaceuticals, material converting, material handling, agriculture, personal care, health care and many others.


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