MGIH stock forecast, quote, news & analysis

The containers/packing sector includes companies that manufacture containers (like plastic and aluminum food containers, glass bottles, metal cans, cardboard, storage and waste bags, giftwraps etc.) and provide packing services. Food-and-beverage and household products are major markets for this business. Several companies in this industry cater to international markets in addition to serving domestic customers. Consumer spending habits could potentially affect this industry’s performance. Some products, that use oil-based materials as inputs, are likely to see their costs of production get impacted (to some extent) by energy price movements. The ever-expanding e-commerce market has only supercharged the amount/frequency of goods shipped domestically and across borders, thereby creating ample potential opportunities for containers and packaging businesses. Ball Corporation, International Paper Company, Amcor Plc and Packaging Corporation of America are some of the largest U.S. companies in this industry.

The average market capitalization across the Containers/Packaging Industry is 4.58B. The market cap for tickers in the group ranges from 6.74K to 66.8B. STO holds the highest valuation in this group at 66.8B. The lowest valued company is EPTI at 6.74K.

The average weekly price growth across all stocks in the Containers/Packaging Industry was 2%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 5%. TZPC experienced the highest price growth at 32%, while OCTO experienced the biggest fall at -16%.

The average weekly volume growth across all stocks in the Containers/Packaging Industry was 57%. For the same stocks of the Industry, the average monthly volume growth was 125% and the average quarterly volume growth was 101%