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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Silgan Holdings Inc (SLGN)
Industry: Packaging & Containers
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SLGN has been trading in a range between $45.92 and $41.32 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SLGN is trading below resistance at $49.28, about 3% to the upside. There is support at $46.63 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Silgan Holdings Inc $SLGN entered a Green zone 11 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $50.2, a potential upside of 4.91% from the recent price of 47.85. The stock is trading 3.49% (potential upside) below its 52 week high of $49.52 and 27.16 % (potential downside) above its 52 week low of $37.63 - based on the recent price.
Company Summary
Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers.
News
| Silgan Holdings (SLGN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release Silgan (SLGN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Wed, 24 Jul 2024 11:07:11 -0400 Sentiment: Neutral |
| Silgan Announces Agreement to Acquire Weener Packaging STAMFORD, Conn.--(BUSINESS WIRE)--Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has entered into a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products for an enterprise value of €838 million. Weener operates a global network of 19 facilities predomina. Source: Business Wire Wed, 24 Jul 2024 06:55:00 -0400 Sentiment: Neutral |
| Silgan to Release Second Quarter 2024 Earnings Results on July 31, 2024 STAMFORD, Conn.--(BUSINESS WIRE)--Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, will release its second quarter 2024 earnings results on Wednesday, July 31, 2024, before the U.S. markets open. At 11:00 a.m. eastern time on that day, Silgan will hold a conference call to discuss the Company's results and performance for this period. Callers in the U.S. and Canada can access the conference call tol. Source: Business Wire Fri, 12 Jul 2024 16:15:00 -0400 Sentiment: Neutral |
| Silgan Declares Quarterly Dividend STAMFORD, Conn.--(BUSINESS WIRE)--Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.19 per share quarterly cash dividend payable on June 17, 2024 to the holders of record of common stock of the Company on June 3, 2024. With this dividend payment, the Company will ha. Source: Business Wire Tue, 07 May 2024 16:30:00 -0400 Sentiment: Neutral |
| Silgan (SLGN) Q1 Earnings Beat Estimates, Revenues Dip Y/Y Silgan's (SLGN) first-quarter top and bottom lines reflect the impacts of lower volumes owing to customer destocking. Source: Zacks Investment Research Mon, 06 May 2024 14:51:06 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 49.521 52 Week Low: 37.6309 Beta: 0.668 50 Day MA: 45.057 200 Day MA: 44.3662 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.204 Qtr Revenue Growth YOY: -0.071 Forward PE: 13.0208 Trailing PE: 16.4842