SEE Stock Summary and Trading Ideas (Sealed Air | NYSE:SEE)

Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.

Sealed Air trades on the NYSE stock market under the symbol SEE.

As of December 13, 2024, SEE stock price declined to $35.96 with 644,769 million shares trading.

SEE has a beta of 0.37, meaning it tends to be less sensitive to market movements. SEE has a correlation of 0.02 to the broad based SPY ETF.

SEE has a market cap of $5.24 billion. This is considered a Mid Cap stock.

Last quarter Sealed Air reported $1 billion in Revenue and $.79 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.12.

In the last 3 years, SEE traded as high as $70.73 and as low as $28.50.

The top ETF exchange traded funds that SEE belongs to (by Net Assets): IJR, COWZ, VTI, VB, VXF.

SEE has underperformed the market in the last year with a price return of +5.8% while the SPY ETF gained +29.9%. However, in the short term, SEE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.7% vs +7.8% return in SPY. But in the last 2 weeks, SEE shares have been beat by the market, returning -1.2% compared to an SPY return of +0.3%.

SEE support price is $35.79 and resistance is $36.91 (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 SEE shares will trade within this expected range on the day.