New insider activity at Amcor ( (AMCR) ) has taken place on February 21, 2025.
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Achal Agarwal, the President of Amcor’s Asia Pacific division, has made a significant investment in the company by purchasing 40,000 shares of Amcor stock. This transaction is valued at $403,700, showcasing Agarwal’s confidence in the company’s future performance.
Recent Updates on AMCR stock
In the last 24 hours, Amcor has released its Q2 earnings report, showing a solid second quarter and first half of fiscal 2025, with net sales of $3.24 billion for the quarter. The company announced a strategic merger with Berry Global, expected to enhance market position and shareholder value with synergies of $650 million. This merger, alongside a 5% increase in adjusted EPS and EBIT, has led to optimism in its financial performance, despite facing some regional challenges such as healthcare destocking and soft demand in North America. The merger is anticipated to be finalized by mid-2025, promising a stronger competitive edge. Amcor maintains a positive fiscal outlook, expecting adjusted EPS of 72-76 cents per share and free cash flow between $900 million and $1 billion, emphasizing its strategic focus on sustainability and market expansion.
More about Amcor
YTD Price Performance: 9.09%
Average Trading Volume: 17,511,379
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $14.7B