Sealed Air Corporation ($SEE) Stock Forecast: Down 11.3% Today

What is Sealed Air Corporation?

Sealed Air Corporation (SEE) is a company specializing in food safety and security, facility hygiene, and product protection solutions. The stock saw bearish movement today.

Why is Sealed Air Corporation going down?

SEE stock is down 11.3% on Aug 9, 2024 16:56

• Sealed Air's stock price target was raised by Citi, maintaining a Buy rating. This could indicate confidence in the company's future performance. However, this positive development may have been overshadowed by other influencing factors on the stock.
• Jefferies pointed out volume declines as a potential contributor to the bearish movement. This may suggest challenges in the company's operations or market demand.
• Despite Sealed Air's strong Q2 earnings report, including beating expectations on adjusted earnings per share and revenue, the stock trended bearishly. This could imply investor expectations for even stronger performance or concerns about future growth prospects.
• The mix of positive and negative information on Sealed Air could have caused investor uncertainty, resulting in the bearish movement of the stock price despite the positive earnings report.

SEE Price Chart

SEE News

Citi raises Sealed Air stock price target, maintains Buy rating

https://www.investing.com/news/company-news/citi-raises-sealed-air-stock-price-target-maintains-buy-rating-93CH-3564847

https://www.investing.com/news/company-news/citi-raises-sealed-air-stock-price-target-maintains-buy-rating-93CH-3564847

Sealed Air stock faces challenges as Jefferies cites volume declines

https://www.investing.com/news/company-news/sealed-air-stock-faces-challenges-as-jefferies-cites-volume-declines-93CH-3563770

https://www.investing.com/news/company-news/sealed-air-stock-faces-challenges-as-jefferies-cites-volume-declines-93CH-3563770

Sealed Air Shines In Q2 On Strength In Food Business, Shares Move Higher - Sealed Air ( NYSE:SEE )

Sealed Air Corporation SEE shares are trading higher after the company reported second quarter results. The company reported adjusted earnings per share of 83 cents, beating the street view of 64 cents. The company reported quarterly revenues of $1.345 billion, beating the analyst consensus of ...

https://www.benzinga.com/news/earnings/24/08/40261118/sealed-air-shines-in-q2-on-strength-in-food-business-shares-move-higher

Sealed Air ( SEE ) Q2 Earnings Surpass Estimates, Increase Y/Y

Sealed Air (SEE) witnesses a year-over-year improvement in its Q2 bottom line on benefits from the CTO2Grow Program and higher volumes in the Food segment.

https://www.zacks.com/stock/news/2319473/sealed-air-see-q2-earnings-surpass-estimates-increase-yy

SEE Stock Earnings: Sealed Air Beats EPS, Beats Revenue for Q2 2024

Sealed Air (NYSE: SEE ) just reported results for the second quarter of 2024. Sealed Air reported earnings per share of 83 cents. This was above the analyst estimate for EPS of 64 cents. The company reported revenue of $1.35 billion. This was 2.67% better than the analyst estimate for revenue of $1.31 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post SEE Stock Earnings: Sealed Air Beats EPS, Beats Revenue for Q2 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/see-stock-earnings-sealed-air-for-q2-of-2024/

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Sealed Air Corporation Price History

28.01.2024 - SEE Stock was down 6.5%

• SEE outperformed expectations in Q4 earnings, causing an initial increase in stock price.
• Despite exceeding expectations, SEE observed year-over-year reductions in revenue and earnings due to reduced volumes, leading to investor worry.
• The stock market responded negatively to the overall decrease in key metrics compared to predictions and previous year figures, overshadowing the positive initial response to the earnings beat.
• The decline in SEE's stock price could be due to investor profit-taking following initial optimism from the earnings beat, now being more cautious about the company's fundamental performance.

27.01.2024 - SEE Stock was up 5.6%

• Sealed Air (SEE) exceeded analysts' expectations in both Q4 earnings and revenue.
• This strong financial performance bolstered investor confidence, resulting in an uptick in the stock price.
• The market responded favorably to Sealed Air's adept handling of potential market challenges and its optimistic future outlook.
• The strong earnings and revenue growth suggest that Sealed Air is well-equipped for sustained success and possible expansion in the upcoming quarters.

03.03.2024 - SEE Stock was down 4.6%

• Sealed Air Corporation (SEE) might have experienced a bearish movement due to overall market sentiment impacting the stock negatively.
• The positive earnings report from Greif (GEF) could have shifted investor focus away from SEE, leading to a decline in its stock price.
• Investors may have rotated their investments towards companies like Greif (GEF) with better earnings outlook, causing a dip in SEE's stock.
• The market's reaction to Greif's (GEF) earnings report could have overshadowed any positive news or developments related to Sealed Air Corporation (SEE), contributing to its bearish movement.

28.01.2024 - SEE Stock was down 6.5%

• Sealed Air stock price was downgraded to $43 by RBC Capital, reflecting reduced confidence in the company's future prospects.
• Despite surpassing earnings and revenue expectations in the fourth quarter, Sealed Air experienced year-over-year decreases in both figures due to lower volumes, potentially influencing the recent market downturn.
• Concerns among investors may have arisen from news about delayed volume recovery, impacting the stock's sentiment negatively.
• Comparisons between key metrics, Wall Street estimates, and previous year figures could have revealed underlying performance issues at Sealed Air, further influencing the stock price downward.

03.03.2024 - SEE Stock was down 5.5%

• The bearish movement in SEE stock today may be linked to a short idea presented at the Sohn Conference, potentially raising concerns among investors about the company's future prospects.
• The contrasting positive performance of Greif (GEF) following its latest earnings report may have accentuated SEE's relative weakness, putting downward pressure on the stock.
• The negative sentiment stemming from the short idea against SEE could be prompting investors to reassess their holdings in the company, contributing to the bearish movement in the stock.

05.03.2024 - SEE Stock was down 5.1%

• An investigation for potential securities law violations could have spooked investors, leading to a loss in confidence in Sealed Air Corp.
• A short idea presented at a conference against Sealed Air might have added to the negative sentiment around the stock, especially with concerns raised about the company's products and market position.
• The combination of these factors likely contributed to the bearish movement in SEE's stock price today, as investors reacted to the news of investigations and negative sentiments from industry experts.

27.01.2024 - SEE Stock was down 6.7%

• Despite SEE outperforming earnings and revenue forecasts in Q4, the stock showed a bearish trend, possibly indicating a "sell the news" response from investors.
• Year-over-year declines in both top and bottom lines, attributed to reduced volumes, may have overshadowed the positive earnings beat, prompting profit-taking.
• The market movement towards a bearish sentiment could be due to investors focusing on the impact of lower volumes on SEE's performance rather than the earnings and revenue beat.
• The disparity between the favorable earnings surprise and the negative stock movement suggests that investors are more concerned about the company's operational difficulties than its financial results.

28.01.2024 - SEE Stock was down 6.5%

• Sealed Air (SEE) reported Q4 earnings that surpassed estimates, which usually leads to a positive market reaction. However, the stock experienced a bearish movement, indicating that the market may have had higher expectations.
• The year-over-year declines in Q4 top and bottom lines for Sealed Air could have contributed to the bearish sentiment, despite beating estimates.
• Investors might be focusing on key metrics that fell short of expectations or the year-ago numbers, leading to a negative market reaction.
• It's possible that profit-taking occurred after the initial stock price increase following the earnings beat, resulting in the bearish movement despite the positive news.

08.07.2024 - SEE Stock was up 5.4%

• SEE reported higher Q2 profit despite a sales decline, demonstrating strength in earnings.
• The company surpassed Q2 earnings and revenue forecasts, which pleased investors.
• Although Q3 results fell below market expectations, Sealed Air maintained its FY24 outlook, showing confidence in its future.
• The company's mixed performance, with increased earnings but decreased sales, has sparked curiosity about its future prospects, potentially boosting market optimism due to its profitability resilience amidst sales challenges.

09.07.2024 - SEE Stock was down 14.3%

• Sealed Air's stock faced challenges today as cited volume declines, indicating potential concerns about the company's market demand.
• Despite beating earnings estimates and reporting an increase in profits in Q2, the stock experienced a bearish trend possibly due to lower-than-expected revenues and a decline in sales.
• The positive earnings report was overshadowed by the news of volume declines and lower net sales, leading to a mixed market reaction and a bearish movement in the stock price.
• Investors might be cautious about the sustainability of Sealed Air's growth, considering the challenges highlighted, which could have contributed to the bearish market movement today.

09.07.2024 - SEE Stock was down 11.3%

• Sealed Air's stock price target was raised by Citi, maintaining a Buy rating. This could indicate confidence in the company's future performance. However, this positive development may have been overshadowed by other influencing factors on the stock.
• Jefferies pointed out volume declines as a potential contributor to the bearish movement. This may suggest challenges in the company's operations or market demand.
• Despite Sealed Air's strong Q2 earnings report, including beating expectations on adjusted earnings per share and revenue, the stock trended bearishly. This could imply investor expectations for even stronger performance or concerns about future growth prospects.
• The mix of positive and negative information on Sealed Air could have caused investor uncertainty, resulting in the bearish movement of the stock price despite the positive earnings report.

08.07.2024 - SEE Stock was up 8.4%

• Investors reacted positively to Sealed Air Corp.'s (SEE) Q2 results, leading to a strong bullish movement, despite a decrease in sales.
• The rise in net earnings and expansion in the food sector likely boosted investor confidence in the company's ability to address difficulties in the protective segment.
• Market sentiment appeared optimistic towards Sealed Air's strategic initiatives like the CTO2Grow program aimed at achieving $90M in savings, suggesting confidence in future performance.
• The overall market response reflected investors' focus on Sealed Air's positive performance aspects and potential cost-saving measures, overshadowing concerns about the sales decline in the protective segment.