Packaging Corp Of America’s recent filing unveils that its SVP Shirley Donald R. unloaded Company’s shares for reported $1.18 million on Jul 25 ’24. In the deal valued at $196.28 per share,6,000 shares were sold. As a result of this transaction, Shirley Donald R. now holds 20,772 shares worth roughly $4.04 million.
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Then, Carter Charles J. sold 5,389 shares, generating $1,057,753 in total proceeds. Upon selling the shares at $196.28, the EVP-Mill Ops. now owns 25,539 shares.
Before that, GOWLAND KAREN E bought 300 shares. Packaging Corp Of America shares valued at $54,618 were divested by the Director at a price of $182.06 per share. As a result of the transaction, GOWLAND KAREN E now holds 916 shares, worth roughly $0.18 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 Tuesday, Packaging Corp Of America [NYSE:PKG] saw its stock jump 0.54% to $194.38. Over the last five days, the stock has lost -1.16%. Packaging Corp Of America shares have risen nearly 19.32% since the year began. Nevertheless, the stocks have risen 27.86% over the past one year. While a 52-week high of $201.99 was reached on 08/01/24, a 52-week low of $143.82 was recorded on 02/05/24. SMA at 50 days reached $187.98, while 200 days put it at $175.62.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 192.54, which if violated will result in even more drops to 190.69. On the upside, there is a resistance level at 195.72. A further resistance level may holdings at 197.05. The Relative Strength Index (RSI) on the 14-day chart is 53.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.44%. Stochastics%K at 35.95% indicates the stock is a holding.
How much short interest is there in Packaging Corp Of America?
A steep rise in short interest was recorded in Packaging Corp Of America stocks on
