In a filing, Packaging Corp Of America revealed its Director GOWLAND KAREN E acquired Company’s shares for reported $54618.0 on May 15 ’24. In the deal valued at $182.06 per share,300 shares were bought. As a result of this transaction, GOWLAND KAREN E now holds 916 shares worth roughly $0.16 million.
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Then, Mundy Robert P. sold 10,000 shares, generating $1,825,100 in total proceeds. Upon selling the shares at $182.51, the EVP & CFO now owns 46,454 shares.
Before that, KOWLZAN MARK W sold 53,196 shares. Packaging Corp Of America shares valued at $9,931,693 were divested by the Chairman & CEO at a price of $186.70 per share. As a result of the transaction, KOWLZAN MARK W now holds 474,010 shares, worth roughly $85.35 million.
Wells Fargo upgraded its Packaging Corp Of America [PKG] rating to an Overweight from a an Equal weight in a research note published on April 24, 2024; the price target was increased to $191 from $187. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Neutral”. BofA Securities also remained covering PKG and has increased its forecast on March 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. Seaport Research Partners revised its rating on January 29, 2024. It rated PKG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PKG
On Monday, Packaging Corp Of America [NYSE:PKG] saw its stock fall -1.37% to $180.06. Over the last five days, the stock has lost -5.11%. Packaging Corp Of America shares have risen nearly 10.53% since the year began. Nevertheless, the stocks have risen 36.55% over the past one year. While a 52-week high of $191.39 was reached on 06/24/24, a 52-week low of $127.69 was recorded on 02/05/24. SMA at 50 days reached $180.93, while 200 days put it at $169.72. A total of 0.45 million shares were traded, compared to the trading of 1.04 million shares in the previous session.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 178.70, which if violated will result in even more drops to 177.34. On the upside, there is a resistance level at 182.50. A further resistance level may holdings at 184.94. The Relative Strength Index (RSI) on the 14-day chart is 42.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.59%. Stochastics%K at 13.17% indicates the stock is a buying.
