AMCR Stock Summary and Trading Ideas (Amcor PLC | NYSE:AMCR)

Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods, or FMCG, industry. About 85% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft-drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and the Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.

Amcor PLC trades on the NYSE stock market under the symbol AMCR.

As of April 17, 2024, AMCR stock price was flat at $8.83 with 4,439,227 million shares trading.

AMCR has a beta of 0.75, meaning it tends to be less sensitive to market movements. AMCR has a correlation of 0.25 to the broad based SPY ETF.

AMCR has a market cap of $12.77 billion. This is considered a Large Cap stock.

Last quarter Amcor PLC reported $3 billion in Revenue and $.16 earnings per share. This fell short of revenue expectation by $-159 million and exceeded earnings estimates by $.01.

In the last 3 years, AMCR stock traded as high as $13.61 and as low as $8.45.

The top ETF exchange traded funds that AMCR belongs to (by Net Assets): VOO, SCHD, SDY, NOBL, SPY.

AMCR has underperformed the market in the last year with a price return of -16.0% while the SPY ETF gained +22.5%. AMCR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.3% and -3.8%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

AMCR support price is $8.70 and resistance is $8.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMCR stock will trade within this expected range on the day.