New insider activity at Amcor ( (AMCR) ) has taken place on February 15, 2025.
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Director Arun Nayar has made a significant investment by purchasing 100,000 shares of Amcor stock, with the transaction amounting to a substantial $995,000.
Recent Updates on AMCR stock
Amcor’s recent developments highlight a strategic merger with Berry Global, anticipated to enhance market position and drive long-term shareholder value through synergies worth $650 million. The company reported solid Q2 earnings with net sales of $3.24 billion and a 5% increase in adjusted EPS and EBIT, demonstrating strong volume growth and cost performance. Despite challenges like healthcare destocking and soft demand in the North American beverage segment, Amcor maintains a positive fiscal 2025 outlook, expecting adjusted EPS of 72-76 cents per share and free cash flow between $900 million and $1 billion. Analysts have adjusted price targets based on Amcor’s promising earnings report and the potential benefits of the merger, which is expected to close by mid-2025, offering a stronger competitive edge in the packaging industry.
More about Amcor
YTD Price Performance: 8.02%
Average Trading Volume: 18,241,199
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.6B