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Bubble Wrap maker bounces higher

Hawthorne, N.J., students celebrated Bubble Wrap Appreciation Day last month.

Invision/Sealed Air via/AP Images

Hawthorne, N.J., students celebrated Bubble Wrap Appreciation Day last month.

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Shares of Sealed Air Corp., the maker of Bubble Wrap, rose the most in more than four years after quarterly earnings and sales beat estimates, Bloomberg News reported. Net profit was 34 cents a share, the New Jersey company said. The average of 11 estimates compiled by Bloomberg was 29 cents. Sales rose 0.8 percent to $1.98 billion, beating the $1.94 billion average of nine estimates. Philip Ng, an analyst at Jefferies & Co., recommended buying the stock.

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