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An update from Berry Global Group ( (BERY) ) is now available.
On the Closing Date, Berry Global Group, a company involved in the manufacturing sector, completed a merger with Amcor. As a result of this merger, each share of Berry common stock was converted into Amcor ordinary shares, and Berry’s stock was delisted from the New York Stock Exchange. The merger led to significant changes in Berry’s corporate structure, including the resignation of its board of directors and the appointment of new directors from Amcor. Additionally, Berry’s reporting obligations under the Securities Exchange Act were suspended.
Spark’s Take on BERY Stock
According to Spark, TipRanks’ AI Analyst, BERY is a Neutral.
Berry Global Group’s stock score is driven by its strong cash flow and operational efficiency, offset by high leverage and declining revenue. Technical indicators show mixed signals with no clear momentum, and valuation metrics suggest the stock is fairly priced with moderate income potential.
To see Spark’s full report on BERY stock, click here.
More about Berry Global Group
YTD Price Performance: 8.12%
Average Trading Volume: 1,927,437
Technical Sentiment Signal: Strong Sell
Current Market Cap: $8.06B
For an in-depth examination of BERY stock, go to TipRanks’ Stock Analysis page.