Amcor (NASDAQ:AMCR) Hits New 1-Year Low at $9.66

Amcor plc (NASDAQ:AMCR) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $9.66 and last traded at $9.66, with a volume of 6597 shares traded. The stock had previously closed at $9.97.

Several research analysts have commented on AMCR shares. Citigroup started coverage on Amcor in a report on Thursday, June 20th. They set a “buy” rating and a $13.00 target price on the stock. Goldman Sachs Group started coverage on Amcor in a report on Wednesday, June 12th. They set a “sell” rating on the stock.

The stock has a fifty day moving average price of $10.79.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. bought a new position in shares of Amcor in the 2nd quarter worth about $314,000. Magnetar Financial LLC bought a new stake in Amcor in the 2nd quarter valued at about $277,000. Royal Bank of Canada bought a new stake in Amcor in the 2nd quarter valued at about $15,234,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Amcor in the 2nd quarter valued at about $255,000. Finally, First Manhattan Co. bought a new stake in Amcor in the 2nd quarter valued at about $806,000.

About Amcor (NASDAQ:AMCR)

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.

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