Sealed Air Stock Falls On Unusually High Volume (SEE)
Sealed Air Corporation (NYSE:SEE) is trading at unusually high volume Wednesday with 5.3 million shares changing hands. It is currently at two times its average daily volume and trading down $1.05 (-4.6%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Sealed Air Corporation (NYSE: SEE) is trading at unusually high volume Wednesday with 5.3 million shares changing hands. It is currently at two times its average daily volume and trading down $1.05 (-4.6%) at $22 as of 12:56 p.m. ET.
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Sealed Air has a market cap of $4.64 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 31.6% year to date as of the close of trading on Tuesday. Sealed Air Corporation, through its subsidiaries, provides food safety and security, facility hygiene, and product protection solutions worldwide. The company operates through three segments: Food & Beverage (F&B), Institutional & Laundry (I&L), and Protective Packaging. TheStreet Ratings rates Sealed Air as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Sealed Air Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.