Berry Global (BERY) Stock: Why The Price Increased

By Amit Chowdhry ● Nov 29, 2021
  • The stock price of Berry Global Group Inc (NYSE: BERY) increased by 7.73% in the most recent trading session. This is why it happened.

The stock price of Berry Global Group Inc (NYSE: BERY) increased by 7.73% in the most recent trading session. Investors are responding positively to Ancora Holdings Group LLC sending a letter to Berry Global Group urging the company’s board to initiate a review of strategic alternatives, including a sale or go-private transaction.

Ancora about a 1% stake in Berry and they believe Berry Global could see a deal at a valuation of $100 per share or more through a sale. Plus Ancora also asked the board to raise its repurchase authorization to $1 billion, up from the $50 million Berry authorized last week.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.