Veritiv (VRTV) Stock

ATLANTA , Sept. 3, 2024 /PRNewswire/ -- Veritiv, a leader in specialty packaging distribution, announced today it has entered into a binding agreement with Orora (ASX: ORA) to acquire the North American packaging and distribution business Orora Packaging Solutions (OPS)1.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Veritiv (VRTV) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Veritiv (VRTV) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Veritiv Corporation told investors it has agreed to be acquired by an affiliate of Clayton, Dubilier & Rice (CD&R) for $170 per share, sending its shares 23% higher in early Monday trading. The Atlanta-headquartered company, which distributes packaging, facility solutions and print products, said the offer from CD&R comes at a 31% premium to the 30-day volume-weighted average price of its shares, valuing the company at $2.3 billion.

Veritiv Corp. announced Monday an agreement to be acquired by private investment firm Clayton, Dubilier & Rice LLC in a deal that values the packaging and hygiene products company at about $2.3 billion. Veritiv's stock was halted for news, and was inactive in the premarket prior to the halt.

Veritiv (VRTV) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

After reaching an important support level, Veritiv (VRTV) could be a good stock pick from a technical perspective. VRTV surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.