Should You Buy Ranpak Holdings Corp (PACK) Stock After it Is Up 2.38% in a Week?

Ranpak Holdings Corp (PACK) stock is up 2.38% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Ranpak Holdings Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PACK!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PACK Stock Today?

Ranpak Holdings Corp (PACK) stock is trading at $7.75 as of 2:28 PM on Monday, Apr 1, a drop of -$0.13, or -1.65% from the previous closing price of $7.88. The stock has traded between $7.68 and $8.12 so far today. Volume today is below average. So far 412,975 shares have traded compared to average volume of 997,968 shares. To screen for more stocks like Ranpak Holdings Corp click here.

More About Ranpak Holdings Corp

Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. Geographically, it derives a majority of revenue from Europe/Asia. Click Here to get the full Stock Report for Ranpak Holdings Corp stock.