Silgan Holdings’ Stock Price Hits 52-Week High: What’s Aiding It?
Silgan Holdings Inc. SLGN shares scaled a new 52-week high of $157.61 on Monday before closing the session lower at $57.12.
SLGN has a market capitalization of $6 billion. The company’s shares have gained 39.9%, outperforming the industry’s growth of 18.7% and the S&P 500 index’s rise of 32.9%.
Image Source: Zacks Investment Research
Strong Segmental Performances: The Metal Containers segment is gaining from volume increases. The company expects the segment’s 2024 volumes to be in line with the 2023 reported level. The segment’s adjusted operating income reached a record high in 2023, marking the sixth consecutive year of record adjusted operating income.
The segment will benefit from a…
