Well since earnings, we have had one new buy, one drop from hold to sell. We are also still up 20% since earnings. I will hang on to what I have, buy more if it drops to $4.50
Apparently big paper companies such as IP were downgraded on pricing concerns. GPK followed suit even though it got an upgrade. Might be a reason to buy a little.
Down 10% on high volume with no news? Something is going on here.
The big drop ties in pretty well with the announcement that the new incentive plan was approved, with potentially 3 million shares added.