What Next for Amcor Limited Stock After Today’s Huge Increase?

 What Next for Amcor Limited Stock After Today's Huge Increase?

The stock of Amcor Limited (ASX:AMC) is a huge mover today! The stock increased 2.66% or $0.37 on November 18, hitting $14.27. About 3.61M shares traded hands or 36.23% up from the average. Amcor Limited (ASX:AMC) has declined 5.68% since April 22, 2016 and is downtrending. It has underperformed by 10.11% the S&P500.
The move comes after 9 months positive chart setup for the $16.07B company. It was reported on Nov, 18 by Barchart.com. We have $17.98 PT which if reached, will make ASX:AMC worth $4.18 billion more.

More notable recent Amcor Limited (ASX:AMC) news were published by: Fool.com.Au which released: “Why the Amcor Limited share price is going gangbusters today” on August 25, 2016, also Fool.com.Au with their article: “Why the Amcor Limited share price is soaring today” published on April 19, 2016, Fool.com.Au published: “3 reasons you should add Amcor Limited shares to your portfolio” on October 14, 2016. More interesting news about Amcor Limited (ASX:AMC) were released by: Fool.com.Au and their article: “Why Amcor Limited shares are rocketing today” published on February 15, 2016 as well as Fool.com.Au‘s news article titled: “Amcor Limited shares sent packing on Venezuelan write downs” with publication date: June 09, 2016.

Amcor Limited is a packaging company. The company has a market cap of $16.07 billion. The Company’s divisions include Amcor Rigid Plastics, Amcor Flexibles and Other/Investments. It has a 52.6 P/E ratio. The Amcor Rigid Plastics segment makes rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk beverages, spirits and beer, sauces, dressings, spreads and personal care items and plastic caps for a range of applications.

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