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Zurich, Switzerland-based Amcor plc (AMCR) is a global packaging company with a market cap of $13.5 billion. It develops and sells packaging solutions for a wide range of industries, including food, beverages, pharmaceuticals, medical, home and personal care, as well as other consumer and industrial products.
This packaging company has underperformed the broader market over the past 52 weeks. Shares of Amcor have fallen 10.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.6%. Moreover, on a YTD basis, the stock is down marginally, compared to SPX’s 7.8% uptick.