3 Stocks Trading Near 52-Week High That Can Climb Further [Yahoo! Finance]
Pactiv Evergreen Inc. - Common stock (PTVE)
Company Research
Source: Yahoo! Finance
This is because stocks near that level are perceived to be winners. However, stocks touching a new 52-week high are often predisposed to profit-taking, resulting in pullbacks and trend reversals. Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculations are not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced. In fact, investors might lose out on top gainers in an attempt to avoid the steep prices. Stocks such as Pactiv Evergreen PTVE, Pilgrim's Pride Corporation PPC and Criteo CRTO are expected to maintain their momentum and keep scaling new highs. Extensive information on a stock is necessary to understand whether or not there is scope for further upside. Here, we discuss a strategy to find the right stocks. The strategy borrows from the basics of momentum investing. This technique bets on “buy high, sell higher.” 52-Week High: A Good Indicator Many times, stocks that hit a 52-week high
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PTVE
News
- Pactiv Evergreen Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Pactiv Evergreen Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Pactiv Evergreen Inc. Declares Quarterly DividendGlobeNewswire
- Canton leaders have $1.4 million hole to fill [Yahoo! Finance]Yahoo! Finance
- PTVE vs. MCW: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
PTVE
Earnings
- 5/2/24 - Beat
PTVE
Sec Filings
- 5/3/24 - Form S-3
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- PTVE's page on the SEC website