CCL Industries (OTCMKTS:CCDBF) Sees Unusually-High Trading Volume – Here’s What Happened

CCL Industries Inc. (OTCMKTS:CCDBFGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 250 shares were traded during mid-day trading, an increase of 257% from the previous session’s volume of 70 shares.The stock last traded at $62.8650 and had previously closed at $63.16.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of CCL Industries in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CCL Industries has an average rating of “Buy”.

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CCL Industries Trading Up 2.0%

The business has a 50-day moving average price of $60.58 and a 200 day moving average price of $58.50.

About CCL Industries

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CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.

Further Reading

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