Packaging Corp Of America’s filing revealed that its EVP-Mill Ops. Carter Charles J. unloaded Company’s shares for reported $1.06 million on Jul 25 ’24. In the deal valued at $196.28 per share,5,389 shares were sold. As a result of this transaction, Carter Charles J. now holds 25,539 shares worth roughly $5.88 million.
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Then, Shirley Donald R. sold 6,000 shares, generating $1,177,680 in total proceeds. Upon selling the shares at $196.28, the SVP now owns 20,772 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 $0.21 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 jump 0.08% to $230.17. Over the last five days, the stock has gained 1.20%. Packaging Corp Of America shares have risen nearly 41.29% since the year began. Nevertheless, the stocks have risen 48.10% over the past one year. While a 52-week high of $232.98 was reached on 10/31/24, a 52-week low of $148.50 was recorded on 02/05/24. SMA at 50 days reached $215.27, while 200 days put it at $190.65.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 228.65, which if violated will result in even more drops to 227.13. On the upside, there is a resistance level at 231.70. A further resistance level may holdings at 233.23. The Relative Strength Index (RSI) on the 14-day chart is 70.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.09%. Stochastics %K at 80.05% indicates the stock is a selling.
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 2024-10-15, dropping by -0.13 million shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.65 million shares. There was a decline of -8.79%, which implies that there is a negative sentiment for the stock.
