$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.
