US Stock In Play: $VRTV (Veritiv Corporation)
VVRTV broke out of its 11 weeks consolidated Ascending Triangle chart pattern, rallying over +23.38% (+$11.84) in just 3 days to close at $62.17. It was also announced that the company have added $50 million to its buyback program, expanding the share re-purchase to $100 million mark.
With it currently trading at its 52 weeks high, it is worth to highlight that VVRTV is also $0.43 away from its all time high of $62.60 that was last traded in March 2017. We will be looking at a $1 Billion market capitalization at VVRTV, if it were to successfully trade beyond $63.50 at current total outstanding shares.
VVRTV operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally.
With it currently trading at its 52 weeks high, it is worth to highlight that VVRTV is also $0.43 away from its all time high of $62.60 that was last traded in March 2017. We will be looking at a $1 Billion market capitalization at VVRTV, if it were to successfully trade beyond $63.50 at current total outstanding shares.
VVRTV operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States, Canada, Mexico, and internationally.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.