The Cryovac and Bubble Wrap developer slides down from $52.03 to $51.66, losing 36.5 cents (0.7%).
- United States's Crude Oil Inventories new data released of -12.58 million below its previous figure.
- Today's fall comes after an 18 day uptrend, during which Sealed Air added 24.76% to its value
Highly important Crude Oil Inventories data from United States beat analyst expectations of -2.76 million with a reading of -12.58 million. Data for United States Pending Home Sales published today at 15:00 UTC came out at -4.6%, beating projections of -5% and showing improvement over the preceding figure of -8.7%.
As the trading day commences, technical analysis suggests Sealed Air Corp could begin to recover as it approaches significant support, now 75 cents away from $50.92. Dipping below could be an indication that further losses are ahead.
United States Core PCE Price Index (MoM) (Oct) scheduled to come out tomorrow at 13:30 UTC. United States Initial Jobless Claims is projected to outperform its last figure with 235,000, having previously been at 240,000. The figure will be published tomorrow at 13:30 UTC.
Alibaba is trading at $88.07 after ending yesterday's session at $79.86 (up 10.28%). Lowe's is trading around $204.1 (down 1.62%). Tesla gained 1.97%, currently at $184.4.
The packaging company has recovered 25.65% since descending to a significant low of $41.41 around 27 days ago.