Amcor plc ($AMCR) Stock Forecast: Down 1.4% Today

What is Amcor plc?

AMCR (Amcor Plc): Amcor Plc is a global packaging company headquartered in Switzerland. It operates in over 40 countries and focuses on developing innovative and sustainable packaging solutions for various industries.

Why is Amcor plc going down?

AMCR stock is down 1.4% on Jul 1, 2024 14:46

• Market Movement: Bearish
• The focus on high-yielding Dividend Aristocrats may have shifted investor attention away from growth stocks like AMCR, leading to a bearish movement.
• Investors seeking passive income through dividend stocks may have reallocated their investments, causing a decline in demand for growth-oriented companies like Amcor Plc.
• The market sentiment favoring income-generating assets during the summer season could have contributed to the bearish movement in AMCR as investors repositioned their portfolios towards dividend-paying stocks.

AMCR Price Chart

AMCR News

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Amcor plc Price History

08.01.2024 - AMCR Stock was down 3.9%

• The bearish movement in AMCR's stock can be attributed to the following factors:
• 1. Weak Q2 Earnings: Amcor's fiscal second-quarter earnings fell below expectations, with a decrease in revenues compared to the previous year. This decline in earnings indicates a weakness in demand and customer destocking, which likely contributed to the bearish market movement.
• 2. Profit Retreat: Amcor reported a decrease in profit for the fourth quarter, further adding to the negative sentiment surrounding the stock. The decline in profitability could have influenced investors to sell their holdings, leading to the bearish movement.
• 3. Impact of Consumer Spending and Destocking: Amcor's second-quarter results were expected to reflect the impacts of muted consumer spending and destocking on its volumes and costs. These factors could have contributed to the bearish market movement as investors may have perceived potential challenges for the company in the near term.
• Overall, the bearish movement in AMCR's stock today can be attributed to weak earnings, a decline in profitability, and concerns about consumer spending and destocking.

10.06.2023 - AMCR Stock was down 3.0%

• AMCR had a strong bearish movement today.
• The article does not provide any specific information about AMCR or the overall market.
• Therefore, it is difficult to pinpoint the exact cause of the bearish movement in AMCR.
• It is possible that there may be other factors, such as company-specific news or market sentiment, that influenced the bearish movement.

26.05.2023 - AMCR Stock was down 0.3%

• AMCR's stock has dropped by 14.78% year-to-date, indicating a long-term bearish trend.
• The recent drop of 0.39% in the per-share price of AMCR's stock could be a result of the overall bearish trend.
• Analysts are expecting further bearish movement for AMCR's stock in the near future.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop of 14.78% year-to-date, AMCR had a strong bullish movement today.
• The recent per share price level of $10.15 indicates a market valuation of $14.83B.
• Analysts may have revised their expectations for the company, leading to the bullish movement.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop of 14.78% year-to-date, AMCR had a strong bullish movement today with a per share price level of $10.15.
• The recent trading session saw 7.13 million shares changing hands, indicating high market activity.
• Analysts may have revised their expectations for AMCR, which could have contributed to the bullish movement.

26.05.2023 - AMCR Stock was up 3.1%

• Despite having a negative year-to-date return, AMCR had a strong bullish movement today.
• The bullish movement could be attributed to the overall positive sentiment in the market.
• Analysts might be expecting a positive outlook for AMCR due to its recent strong performance.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop in AMCR's stock price by 14.78% year-to-date, the stock had a strong bullish movement today.
• The recent per share price level of $10.15 trading at -$0.04 or -0.39% at ring of the bell on the day assigns it a market valuation of $14.83B.
• The bullish movement could be attributed to positive news or developments within the company or the industry, which could have boosted investor confidence.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop of -14.78% year-to-date, AMCR had a strong bullish movement today.
• The recent per share price level of $10.15 is trading at -$0.04 or -0.39% at the ring of the bell, assigning it a market valuation of $14.83B.
• Analysts may have revised their expectations for AMCR, resulting in the bullish movement.

26.05.2023 - AMCR Stock was up 3.1%

• AMCR had a bullish movement despite a year-to-date drop in its stock price.
• The recent bullish movement could be due to the positive expectations of analysts regarding the company's future performance.
• The beta value of AMCR is currently measuring 0.86, which indicates that the stock is less volatile than the overall market. This could also contribute to the recent bullish movement.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop of 14.78% year-to-date, AMCR had a strong bullish movement today.
• The recent per share price level of $10.15 is a positive sign for the company.
• Analysts may have revised their expectations for AMCR, leading to the bullish movement.
• Further analysis of the company's financials and market trends may be necessary to understand the reason behind the bullish movement.

26.05.2023 - AMCR Stock was up 3.1%

• AMCR had a bullish movement despite a drop in its year-to-date stock price.
• The recent increase in demand for packaging solutions due to the pandemic may have contributed to the bullish movement.
• Analysts may have also provided positive outlooks on the company's future growth prospects.
• The overall market may have also played a role in the bullish movement.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a year-to-date drop of 14.78%, AMCR had a strong bullish movement today.
• The recent per share price level of $10.15 is a positive sign for the company.
• Analysts may have revised their expectations for AMCR, leading to the bullish movement.