BERY Stock Summary and Trading Ideas (Berry Global Group | NYSE:BERY)

Berry global Group Inc is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.

Berry Global Group trades on the NYSE stock market under the symbol BERY.

As of April 18, 2024, BERY stock price climbed to $56.32 with 879,829 million shares trading.

BERY has a beta of 1.17, meaning it tends to be more sensitive to market movements. BERY has a correlation of 0.25 to the broad based SPY ETF.

BERY has a market cap of $6.53 billion. This is considered a Mid Cap stock.

Last quarter Berry Global Group reported $3 billion in Revenue and $1.22 earnings per share. This fell short of revenue expectation by $-137 million and missed earnings estimates by -$.07.

In the last 3 years, BERY stock traded as high as $74.73 and as low as $44.52.

The top ETF exchange traded funds that BERY belongs to (by Net Assets): VTI, IJH, VB, COWZ, VBR.

BERY has underperformed the market in the last year with a price return of -2.1% while the SPY ETF gained +22.3%. BERY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.6% and -5.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

BERY support price is $55.04 and resistance is $56.84 (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 BERY stock will trade within this expected range on the day.