Ropak Corp.: Shares of the plastic container...
Ropak Corp.: Shares of the plastic container maker continued to climb in price Tuesday, reaching a new 52-week high of $9.
Ropak stock was up more than 8%, or 69 cents a share, in very heaving Nasdaq trading. About 258,900 shares changed hands Tuesday, compared with an average daily volume of 11,700 shares. The Fullerton company’s previous 52-week high of $8.50 a share was reached on Aug. 26.
Ronald Cameron, chief financial officer for Ropak, said an analyst for Orange County’s largest investment banking firm, Cruttenden & Co. in Irvine, visited Ropak on Friday. Cruttenden bought about 10,000 Ropak shares on Monday and at least 5,000 shares Tuesday, a trader at the company said.
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