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Why Amcor Stock Is Jumping Higher Today

TheMotleyFool

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Shares of packaging specialist Amcor (NYSE: AMCR) were up 7% heading into midday trading on Friday as the markets rebounded from Thursday's rout.

The stock of the maker of rigid and flexible packaging for food, beverage, pharmaceutical, and personal-care products has fallen 16% in the last week after butting up near its 52-week highs. As the economy reopens and business normalizes, product packaging across the broad swaths of the economy Amcor services ought to be in high demand.

Image source: Getty Images.

Source Fool.com

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