Ranpak Holdings Corp Class A (NYSE:PACK)
Old Forum Content for PACK
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DAN: ...
$PACK -- Earnings on Thursday. Good setup.
$ELF -- Good movement today. This could still move higher. Manage risk. No tolerance for a move back below $30.
$ABNB -- Coiling for a move. Earnings on Nov. 4th. Alert $165 AND $173 - captron: $PACK - Looks like it may be getting ready to start Phase II. Tightening my stop.
- Bridget: $PACK accidentally landed on this one. Usually a very low volume stock, but breakout out of vol squeeze on very high volume. Could get interesting.
- captron: @Bridget $PACK I am showing 11 days of short covering here. Your right, could be very interesting. Think I will join you.
- Reif99: @Bridget $PACK "today announced that the underwriter of its Class A common stock offering has exercised in full its over-allotment option to purchase an additional 1,538,461 shares from Ranpak at $6.50 per share, prior to deducting underwriting discounts and commissions. After giving effect to the exercise of the over-allotment option, total shares sold in the offering are 16,923,077 resulting in gross proceeds for the transaction totaling $110 million. The offering is expected to close on December 13, 2019, subject to customary closing conditions."
- CraigReynolds: $PACK Bridget posted this and just broke out.
| Stock Price | $6.25 |
| Change | -3.55% |
| Volume | 144,676 |
Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. Geographically, it derives a majority of revenue from Europe/Asia.
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