7% Plunge Following Reverse Stock Split: Packaging Giant Shareholders on a 'Roller Coaster'

Global packaging company Amcor plc (NYSE: AMCR) closed at $40.94 on the New York Stock Exchange on the 16th, marking a 7.33% plunge from the previous day. Trading volume topped 4.02 million shares, and its market capitalization stood at roughly $94.5 billion (about KRW 123 trillion), erasing some $6.5 billion (around KRW 8 trillion) in value in a single session.

The day before, Amcor completed a one-for-five reverse stock split and began trading on a split-adjusted share price. The stock’s volatility spiked, with a brief post-split rally quickly giving way to a sharp decline. (Source: amcor.com)

Amcor, a global leader in flexible and rigid packaging for consumer goods companies in the food, beverage and pharmaceutical sectors, expanded its scale following the 2025 acquisition of Berry Global. With its reliable dividend track record, it is viewed as a defensive dividend stock. (Source: seekingalpha.com)