The President & CEO of Sealed Air (NYSE: SEE) is Buying Shares

By Carrie Williams

Today, the President & CEO of Sealed Air (NYSE: SEE), Jerome Peribere, bought shares of SEE for $299.1K.

This recent transaction increases Jerome Peribere’s holding in the company by 1.08% to a total of $19.45 million.

The company has a one year high of $50.62 and a one year low of $41.74. SEE’s market cap is $8.33B and the company has a P/E ratio of 24.67. Currently, Sealed Air has an average volume of 3.66M.

13 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $48.29, reflecting a -11.0% downside.

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene and product protection services. It operates through the following segments: Food Care, Diversey Care, Product Care, and Other. The Food Care segment focuses on providing processors, retailers and food service operators a broad range of integrated system solutions that improve the management of contamination risk and facility hygiene during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes The Diversey Care segment represents the broad offering of Diversey branded system solutions for facility hygiene, food safety and security, and infection control. The Product Care segment offers costumers a portfolio of Product Care systems designed for use across a range of applications and industries. The Other segment involves medical applications and new venture businesses. The company was founded by Alfred W. Fielding and Marc Chavannes in 1960 and is headquartered in Charlotte, NC.