CCK Stock Summary and Trading Ideas (Crown Holdings | NYSE:CCK)

Crown Holdings is one of the world's largest producers of metal packaging. The company manufactures beverage cans, metal food cans, and closures as well as aerosol cans. With the purchase of Signode, the company also has a presence in a wide variety of protective transport packaging. Although it's headquartered in the United States, the vast majority of Crown's sales come from its operations in Europe, South America, and Southeast Asia.

Crown Holdings trades on the NYSE stock market under the symbol CCK.

As of April 15, 2024, CCK stock price declined to $76.20 with 1,298,573 million shares trading.

CCK has a beta of 0.82, meaning it tends to be less sensitive to market movements. CCK has a correlation of 0.10 to the broad based SPY ETF.

CCK has a market cap of $9.20 billion. This is considered a Mid Cap stock.

Last quarter Crown Holdings reported $3 billion in Revenue and $1.24 earnings per share. This fell short of revenue expectation by $-102 million and missed earnings estimates by -$.19.

In the last 3 years, CCK stock traded as high as $130.42 and as low as $66.00.

The top ETF exchange traded funds that CCK belongs to (by Net Assets): VTI, IJH, VXF, VB, VO.

CCK has underperformed the market in the last year with a price return of +0.3% while the SPY ETF gained +25.3%. CCK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.9% and -3.9%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

CCK support price is $76.24 and resistance is $78.38 (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 CCK stock will trade within this expected range on the day.