Why Amcor Stock Is Jumping Higher Today
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.
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Source Fool.com