Winpak Ltd. Can’t Burn Your Short Portfolio. Has Another Weak Session

 Winpak Ltd. Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Winpak Ltd. (TSE:WPK) is a huge mover today! About 60,810 shares traded hands or 31.40% up from the average. Winpak Ltd. (TSE:WPK) has declined 4.83% since April 5, 2016 and is downtrending. It has underperformed by 9.61% the S&P500.
The move comes after 6 months negative chart setup for the $3.04 billion company. It was reported on Nov, 9 by We have $43.63 PT which if reached, will make TSE:WPK worth $182.40M less.

Winpak Ltd. is an integrated converting firm operating in the packaging materials segment. The company has a market cap of $3.04 billion. The Company’s divisions include modified atmosphere packaging, specialty films, rigid containers, lidding, biaxially oriented nylon and packaging machinery. It has a 21.96 P/E ratio. Modified atmosphere packaging manages the shelf life of perishable foods.

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