US Stock In Play: $VRTV (Veritiv Corporation)A quick follow up on $VRTV since our last highlight two weeks ago. With $VRTV currently trading at $66.47, a +32.55% increment since the Ascending Triangle chart pattern breakout, $VRTV have now crossed $1 Billion USD market capitalization for the first time, trading at its all time high level in the stock market.
$VRTV is currently exhibiting a two weeks consolidated bullish pennant pattern, poising for a further breakout towards $70 mark.
$VRTV 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.
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US Stock In Play: $VRTV (Veritiv Corporation)$VRTV 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 $VRTV 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 $VRTV, if it were to successfully trade beyond $63.50 at current total outstanding shares.
$VRTV 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.
