SLGN Stock Summary and Trading Ideas (Silgan Hldgs | NYSE:SLGN)

Silgan Holdings manufactures about half of the metal food containers in North America. Its major customers include Campbell Soup, Nestle, and Del Monte. Silgan's other business segments include plastic dispensers and containers for personal and healthcare products and a closures business that manufactures metal and plastic lids and caps.

Silgan Hldgs trades on the NYSE stock market under the symbol SLGN.

As of April 29, 2024, SLGN stock price climbed to $47.29 with 465,058 million shares trading.

SLGN has a beta of 0.57, meaning it tends to be less sensitive to market movements. SLGN has a correlation of 0.10 to the broad based SPY ETF.

SLGN has a market cap of $5.05 billion. This is considered a Mid Cap stock.

Last quarter Silgan Hldgs reported $1 billion in Revenue and $.63 earnings per share. This fell short of revenue expectation by $-50 million and exceeded earnings estimates by $.05.

In the last 3 years, SLGN stock traded as high as $55.41 and as low as $37.10.

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

SLGN has underperformed the market in the last year with a price return of -2.5% while the SPY ETF gained +24.2%. However, in the short term, SLGN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.0% vs +4.1% return in SPY. But in the last 2 weeks, SLGN shares have been beat by the market, returning +0.1% compared to an SPY return of +1.1%.

SLGN support price is $46.32 and resistance is $47.60 (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 SLGN stock will trade within this expected range on the day.