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Also, on August 16, AMCR announced its plans to build two new state-of-the-art innovation centers in Belgium and China.
The stock has gained 10.1% over the past month to close yesterday’s trading session at $12.65. It is currently trading 2.1% below its $12.92 all-time price high, which it hit on August 25, 2021. However, AMCR recently witnessed a decline in hedge fund sentiment, and rising COVID-19 cases due to the rapid spread of its Delta variant have fostered an uncertain near-term outlook for the company because its earnings and free cash flow could be significantly impacted.
