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 May 13, 2024, CCK stock price climbed to $84.47 with 16,640 million shares trading.

CCK has a beta of 0.78, meaning it tends to be less sensitive to market movements. CCK has a correlation of 0.12 to the broad based SPY ETF.

CCK has a market cap of $10.20 billion. This is considered a Large Cap stock.

Last quarter Crown Holdings reported $3 billion in Revenue and $1.02 earnings per share. This fell short of revenue expectation by $-146 million and exceeded earnings estimates by $.06.

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): IJH, VTI, VB, VBR, VXF.

CCK stock has underperformed the market in the last year with a return of +3.1%, while SPY returned +27.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CCK shares. However, CCK has outperformed the market in the last 3 month and 2 week periods, returning +13.3% and +4.8%, while SPY returned +4.3% and +2.6%, respectively. This indicates CCK has been having a stronger performance recently.

CCK support price is $82.81 and resistance is $85.25 (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.