Published on 5 Oct 2021 on Market Watch
Amcor PLC stock underperforms Tuesday when compared to competitors despite daily gains
Shares of Amcor PLC advanced 1.46% to $11.80 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.05% to 4,345.72 and the Dow Jones Industrial Average rising 0.92% to 34,314.67. Amcor PLC closed $1.12 short of its 52-week high ($12.92), which the company achieved on August 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Ball Corp. rose 1.86% to $91.49, Avery Dennison Corp. rose 1.46% to $210.97, and Packaging Corp. of America rose 1.66% to $141.72. Trading volume (4.1 M) remained 1.5 million below its 50-day average volume of 5.6 M.